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GST
GST Council Meeting - Key Decisions December 2024
18 December 2024
Poojari & Associates
Summary of important decisions taken in the recent GST Council meeting.
The GST Council in its recent meeting has taken several important decisions affecting businesses:
1. Rate Rationalization: Certain items moved from 28% to 18% slab
2. Input Tax Credit: Relaxation in ITC matching provisions
3. E-invoicing: Threshold reduced for mandatory e-invoicing
4. Returns: Simplification of return filing process
5. Composition Scheme: Enhanced turnover limits
Businesses should review these changes and ensure compliance with new provisions.
This article is for general informational purposes only and should not be considered as professional advice. Please consult a qualified professional for specific guidance.