Press Release pursuant to the 50th GST Council meeting
The GST Council in its 50th meeting held on 11.07.2023 has made various recommendations relating to GST compensation cess, GST Appellate Tribunal, special composition scheme in certain sectors, recommendations in relation to GST rates on goods and services and other measures for facilitation of trade. Further, clarifications have been issued on many key aspects which were a point of contention between the taxpayer and the authorities. Some of the key recommendations have been captured in the enclosed press release.