Key Recommendations made by 53rd GST council meeting held today

1.⁠ ⁠Waver of interest and penalty on demand notices issued under section 73 for Fy 17-18, 18-19, 19-20. Applicable in cases where tax is paid entirely by March 2025. 2.⁠ ⁠⁠time limit to avail ITC u/s16(4) filed up to 30/11/2021 for fy up to March 2021. 3.⁠ ⁠⁠Monetary limit for filing appeal by tax dept. of 20 lakh for tribunal; 1cr  for HC and 2 cr for SC. 4.⁠ ⁠⁠max amount of ore deposit for…