On 11th July 2023, 50th GST Council meeting provided some significant amendments in the GST law. Major recommendations of the GST Council have been discussed in this video. Some of the following aspects have been covered within this:
a) Update of the constitution of the GST Appellate Tribunal
b) Applicability of Cross Charge vs ISD
c) Tax implications on Warranty
d) Restriction of refund to GSTR-2B of past and current period
e) Interest computation on ITC reversal
f) New forms for GSTR-1 and 3B, 2B and 3B mismatch etc.

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