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    <title>RECENT DEVELOPMENTS IN GST</title>
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    <description>The 50th GST Council adopted multiple compliance and rate measures including input tax credit reconciliation between Forms 2B and 3B, exclusions from reverse charge for directors&#039; personal services, compensation cess on redefined SUVs, a 28% rate on casinos, race courses and online games, extensions of amnesty and filing exemptions, and rules for GSTAT appointments. GSTN was designated a reporting entity under the PMLA to enable information sharing with the Financial Intelligence Unit for investigation of tax evasion and suspicious transactions. Operational portal changes mandate GSTR 1 filing before GSTR 3B access and introduce one time geo coding for address verification.</description>
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