https://www.taxtmi.com/news?id=26256 Government to clear pending GST compensation balances for June 2022 from central resources to be recouped from future cess collection. The Council adopted the GoM report on a GST Appellate Tribunal with modifications and authorised circulation of draft amendments. It approved GoM measures to curb evasion in specified commodities including enhanced compliance, export against LUT with ITC refund, and conversion of compensation cess to specific levy. Recommended amendments include GST rate changes for specified goods, customs and compensation cess notification adjustments, extension of timelines and amnesties for revocation of registration and best judgment assessments, rationalised late fees, and place of supply rationalisation for transport services. en-us Sat, 18 Feb 2023 21:24:55 +0530 Mon, 20 Feb 2023 09:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=26256 Government to clear pending GST compensation balances for June 2022 from central resources to be recouped from future cess collection. The Council adopted the GoM report on a GST Appellate Tribunal with modifications and authorised circulation of draft amendments. It approved GoM measures to curb evasion in specified commodities including enhanced compliance, export against LUT with ITC refund, and conversion of compensation cess to specific levy. Recommended amendments include GST rate changes for specified goods, customs and compensation cess notification adjustments, extension of timelines and amnesties for revocation of registration and best judgment assessments, rationalised late fees, and place of supply rationalisation for transport services. News - Sat, 18 Feb 2023 21:24:55 +0530 https://www.taxtmi.com/news?id=26256