The 50th Meeting of the GST Council was held on July 11, 2023 in New Delhi, under the chairpersonship of the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman.
The recommendation is to add Explanation 3 after Rule 43 of the CGST Rules, 2017, which states that the value of the supply of goods from Duty Free Shops at the arrival terminal in international airports should be included in the value of exempt supplies. This inclusion is for the purpose of reversing the input tax credit.
The Press Release can be accessed at: https://www.pib.gov.in/PressReleasePage.aspx?PRID=1938812