Taxbykk
Pro

43rd GSTCM Minutes

Free Content

Table of Contents

The biggest decision of the 43rd  GST Council Meeting was on reducing the compliance burden on taxpayers,

  • To provide relief to small taxpayers, an amnesty scheme has been recommended for reducing the late fee
  • GST Return Filing Late fee also rationalized for future tax periods
  • Import of Covid-related relief items exempt from IGST till August 31st, 2021. Amphotericin B, used for treating Mucor mycosis, will also be exempt from IGST.
  • Annual return filings will continue to be optional for small taxpayers for the financial year 2021.

Download original PDF of 43rd GST Council Meeting minutes


Watch analytical discussion of 43rd GST Council Meeting minutes

Scroll to Top