The 54th GST Council Meeting on 9th September, 2024, in New Delhi, focused on streamlining tax rates, providing relief to individuals, and improving trade facilitation.
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The 53rd GST Council Meeting on June 22nd, 2024, in New Delhi, focused on simplifying GST compliance, reducing litigation, and enhancing business ease.
The Government of India has taken these measures and has implemented these changes in the view of the COVID-19 outbreak. Smt. Sitharaman made these announcements via video conferencing today i.e. on 24th March, 2020.
Under GST, certain goods and services, as decided by the government, are exempt from goods and service tax on their supply i.e. ‘NIL’ GST rate is applicable to such transaction.
The GST Network (GSTN) has incorporated an online GST refund process, as decided by the 37th GST Council. With this utility, taxpayers will easily be able to file for a refund via form RFD 01, which can further be processed online by the GST officers.
