Articles

The GST Council Members met for the 49th time since the formation of the GST Council and for the first time after the presentation of the Union Budget 2023 in Parliament, on 18.2.2023.

The significant Recommendations of this 49th GST Council Meeting, having some direct bearing on Trade, Business & Commerce sectors are being analysed for ready reference of our Readers below:  

1. Extension of time limit for application for revocation of cancellation of registration and one time amnesty for past cases: The Council has recommended amendment in section 30 of CGST Act, 2017 and rule 23 of CGST Rules, 2017 so as to provide that:

• the time limit for making an application for revocation of cancellation of registration be increased fr.