45th Meeting of the GST Council, Lucknow 17th September, 2021 The GST Council’s 45th meeting was held today in Lucknow under the chairmanship of the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman. The GST Council has inter-alia made the following recommendations relating to changes in GST rates on supply of goods and services and changes related to GST law and procedure: Recommendations relating to GST rates on goods and services COVID-19relief measure in form of GST rate concessions Extension of existing concessional GST rates (currently valid till 30th September, 2021) on following Covid-19 treatment drugs, up to 31st December, 2021, namely- Amphotericin B -nil ii. Remdesivir –…

Taxpayers who have failed to file their GSTR-3B for the period from Jul-2017 up to Apr-2021, can avail the benefit of the GST amnesty Scheme and file their pending GSTR-3B for the said period by paying a reduced late of Rs.1000 (Rs.500 in case of return with no tax liability) per return instead of Maximum Late Fees of Rs.10,000/-. The Finance Ministry has extended the last date for this scheme till November 30, 2021. CGST notification number 33/2021 dated 29th August 2021. Earlier, Due date for the scheme was August…