Recommendations of 49th GST Council Meeting | Press Release

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49th GST Council Meeting

Press Release dated February 18th, 2023

The 49th GST Council met under the Chairpersonship of Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman in New Delhi today. In this regard, the press release has been issued by the Government. The key recommendations made by the GST Council in its 49th Meeting are as follows:

a. Council has adopted the report of Group of Ministers on GST Appellate Tribunal with certain modifications

b. GST rates to be reduced on Pencil Sharper from 18% to 12% and on Rab from 18% to 5% if sold pre-packaged and labelled otherwise exempted

c. No compensation cess on coal rejects supplied to and by a coal washery, arising out of coal on which compensation cess has been paid

d. No GST on National Testing Agency for conduct of entrance examination for admission to educational institutions

e. Time limit for making an application for revocation of cancellation of registration to be increased from 30 days to 90 days

f. Rationalisation of Late fee for Annual Return and Amnesty Scheme in respect of pending returns in FORM GSTR-4, FORM GSTR-9 and FORM GSTR-10

Click Here To Read The Full Press Release

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