| Category | Recommendation | Impact |
| Interest and Penalties Waiver | Waiver of interest and penalties for demand notices under Section 73 for FY 2017-18, 2018-19, and 2019-20, if paid by 31.03.2025. | This move aims to ease the financial burden on taxpayers who faced challenges during the initial years of GST implementation. Encourages voluntary compliance and reduces backlog of cases. |
| Input Tax Credit (ITC) Time Limit | Time limit to avail ITC for FY 2017-18, 2018-19, 2019-20, and 2020-21 is set to 30.11.2021. | Provides clarity and relief to taxpayers who may have missed original deadlines, ensuring they can claim ITC due to them, promoting better cash flow management. For all the said years if the ITC is claimed by 30.11.2021, then credit will be allowed. |
| Monetary Limits for Appeals | Monetary limits for filing appeals: Rs. 20 lakh for GSTAT, Rs. 1 crore for High Court, and Rs. 2 crore for Supreme Court. | Intended to reduce the number of frivolous appeals and streamline the judicial process by ensuring only significant cases reach higher courts. |
| Reduction of Pre-deposit for Appeals | Reduction in the pre-deposit amount required for filing appeals under GST. | Alleviates cash flow pressures on businesses, making it easier for them to challenge orders without significant financial strain. |
| Amendments in Appeal Filing | Three-month period for filing appeals in GSTAT will start from a date to be notified by the Government. | Provides sufficient time for taxpayers to prepare and file appeals, ensuring they are not disadvantaged by procedural delays. |
| Interest on Delayed Returns | No interest on delayed filing of returns if amount available in Electronic Cash Ledger on due date of filing the return. | A taxpayer-friendly measure that prevents undue interest charges when funds are already available in the taxpayer’s e-cash ledger, promoting fairness. |
| Sunset Clause for Anti-Profiteering | New applications for anti-profiteering will not be accepted from April 1, 2025. | Provides a clear endpoint for the anti-profiteering regime, allowing businesses to plan accordingly and shifting focus towards other compliance measures. |
| Compensation Cess Exemption | Exemption from Compensation Cess for SEZ imports for authorized operations from 1st July 2017. | Incentivizes investment in SEZs by reducing the cost of imports, thereby boosting economic activity within these zones. |
| GST Rate Adjustments | Uniform 12% GST on milk cans, cartons, boxes, cases of paper, solar cookers, and sprinklers including fire water sprinklers. | Harmonizing GST rates on these items simplifies compliance and reduces administrative burden on businesses dealing with multiple rates. |
| Exemptions for Indian Railways | Exemptions on certain services provided by Indian Railways to the public and intra-railway supplies. | Reduces the cost of railway services for the general public and operational expenses for Indian Railways, potentially leading to better service delivery. |
| Accommodation Services Exemption | Exemptions related to accommodation services for students and working professionals. | Provides financial relief to students and professionals, making accommodation more affordable and promoting education and workforce mobility. |
| Aadhaar Authentication | Roll-out of biometric-based Aadhaar authentication of registration applicants on a pan-India basis in a phased manner. | Strengthening the registration process helps combat fraudulent input tax credit claims made through fake invoices, enhancing the integrity of the GST system. |
| Form GSTR-4 | Extension of the time period for filing Form GSTR-4 till 30th June from the financial year 2024-25 onwards | Aids small taxpayers by allowing more time to file their annual returns under the Composition Scheme. |
| Form GSTR-1A | Introduction of Form GSTR-1A to add or amend particulars of the current tax period reported in GSTR-1 | Enables taxpayers to correct errors or omissions in their GSTR-1 returns, ensuring more accurate reporting |
| Miscellaneous Changes | Various clarifications and changes to facilitate trade, reduce litigation, and streamline compliances. | Addresses specific issues and ambiguities in the GST law, providing clearer guidance to taxpayers and reducing the scope for disputes. |
| Clarifications on GST Recovery Notices | Only 1.96% of active tax assessees have been sent notices by central GST | Indicates ongoing efforts to address unresolved issues and continuously improve the GST framework |
