https://www.taxtmi.com/news?id=25550 Council recommended GST rate rationalization and withdrawal or narrowing of exemptions for specified goods and services, issued clarifications on concessional treatments (including electric vehicles and certain bricks), and regularized past GST treatment for ice-cream parlours. Procedural reforms include modified refund calculation for unutilized ITC in inverted duty cases, transmission of suspended IGST refund claims to jurisdictional officers, re credit mechanisms for erroneous refunds, selective registration relaxations for supplies through e-commerce operators, and adoption of AI/ML mechanisms by GSTN for registration verification and risk based monitoring. en-us Wed, 29 Jun 2022 18:46:36 +0530 Wed, 29 Jun 2022 18:46:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=25550 Council recommended GST rate rationalization and withdrawal or narrowing of exemptions for specified goods and services, issued clarifications on concessional treatments (including electric vehicles and certain bricks), and regularized past GST treatment for ice-cream parlours. Procedural reforms include modified refund calculation for unutilized ITC in inverted duty cases, transmission of suspended IGST refund claims to jurisdictional officers, re credit mechanisms for erroneous refunds, selective registration relaxations for supplies through e-commerce operators, and adoption of AI/ML mechanisms by GSTN for registration verification and risk based monitoring. News - Wed, 29 Jun 2022 18:46:36 +0530 https://www.taxtmi.com/news?id=25550