Tax alert: Recommendations of GST Council at its 53rd meeting held on 22 June 2024


23 June 2024
After an eight-month break, the Goods and Services Tax (the “GST”) Council convened ahead of the upcoming Budget session. The Council's recommendations include amendments to the GST law entailing rate
rationalisation, clarifications on various issues and simplification of compliance process to facilitate trade and in Ease of Doing Business (EoDB). The proposals are reflective of the government’s proactive stance of reaching out to the industry and resolving concerns highlighted by trade. The Council’s announcements are likely to resonate positively with India Inc and set the stage for more trade friendly measures to be adopted.

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