Vijay Aryan & Associates | Recommendation of 43th GST Council Meeting

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Recommendation of 43th GST Council Meeting

Recommendations of 43rd GST Council meeting

- COVID-19 related medical goods including Amphotericin B for free distribution given full exemption from IGST upto 31.08.2021

- Custom duty exemption also given to Amphotericin B

- Amnesty Scheme to provide relief to taxpayers regarding late fee for pending returns ; Late fee also rationalised for future tax periods

- Simplification of Annual Return for Financial Year 2020-21

For full Detail see the annexure