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of <h1>GST Council Reviews Amendments, Clarifies Provisions, and Discusses Rate Rationalization for Future Meetings.</h1> The 53rd GST Council meeting, chaired by the Union Finance Minister, focused on various amendments and clarifications regarding the GST Act. Key agenda items included amendments to the CGST and IGST Acts, addressing issues like non-applicability of GST on Extra Neutral Alcohol used in alcoholic liquor production, and clarifying provisions related to reverse charge mechanism supplies. The Council also discussed reducing litigation by setting monetary limits for departmental appeals and proposed changes in GST rates for certain goods and services. Additionally, the Council reviewed the revenue position and the status of the GST Appellate Tribunal, emphasizing the need for rate rationalization in future meetings.
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