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    <title>Key Highlights of the 56th GST Council Meeting – Rate Rationalization &amp; Trade Facilitation</title>
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    <description>The 56th GST Council implemented comprehensive rate rationalisation across goods and services with staggered effective dates, clarified ITC eligibility and specified premises treatment, operationalised GSTAT for appeals and advance rulings, and introduced trade facilitation measures including risk based provisional refunds, simplified automated registration for small/low risk suppliers and e commerce sellers, and RSP based valuation for specified sin goods. Transitional rules under Section 14 determine applicable rates by supply, invoice and payment timings.</description>
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