The 53rd GST Council met under the Chairpersonship of Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman in New Delhi today i.e. June 22, 2024.
The Council recommended amendments in Section 171 and Section 109 of the CGST Act, 2017 to provide a sunset clause for anti-profiteering under GST and to provide for the handling of anti-profiteering cases by the Principal bench of GST Appellate Tribunal (GSTAT). The council has also recommended the sun-set date of 01.04.2025 for receipt of any new application regarding anti-profiteering.
The Press Release can be accessed at: https://a2z-bucket.s3.ap-south-1.amazonaws.com/PIB2027982.pdf