TAX Update: 47th GST Council Meeting

The GST Council held its 47th meeting at Chandigarh on 28th and 29th June 2022. Major key recommendations made by the Council are here as below:

Measure for Trade facilitation

1. Waiver of requirement of mandatory registration for person supplying goods through ECOs subject to conditions.
2. Composition tax payers would be allowed to make intra-State supply through e-commerce subject to conditions.
3. Pertaining to supplies to SEZ Developer/Unit, an Explanation to be inserted to clarify that 'specified officer' under the said sub-rule shall mean the 'specified officer' or 'authorized officer', as per SEZ Rules, 2006.
4. No requirement of reversal of input tax credit for exempted supply of Duty Credit Scrips by the exporter.