Thursday, 23 September 2021 / Published in CBIC, GST

Decisions taken in 45th GST Council Meeting

Key Points of recommendation from 45th meeting of GST Council is enumerated as below 1. Rule 36(4) would be amended and ITC would be equivalent to the extent the invoices/ debit notes are furnished by the suppliers. There will not be any provisional ITC of 5% post this amendment. 2. There will not be any