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 till 30th Nov instead of Oct For FY 1718 1819 1920 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 pre deposit for filing appeal before appellate authority reduced from 25 cr to 20 cr each for cgst and sgst.
5. per deposit for filing appeal before tribunal reduced to 20% and 20 cr each for cgst and sgst.
6. Amendment in law for providing that time limit for filing appeal before tribunal will start from the date government notifies.
7. extension of time limit to file GSTR 4 till 30 June.
8. Interest won’t be charged for amount available in cash ledger at time of filing 3B.
9. insertion of new Form GSTR 1A to allow correction in GSTR 1. It will be allowed to file it before filing 3B.
10. Bio metric based Aadhar authentication on PAN India basis in a phased manner.
11. clarification issued on various topics. Few of them are - 12% tax rate for milk can; uniform GST rate of 12% on all carton boxes; clarification on all types of sprinklers will attract 12% and past practice to be as is; 12% rate on all solar cases; services by railways, platform ticket, other services are exempt; service of hostal accommodation outside of educational institutions made exempt with conditions.
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