The GST Council, which is scheduled to meet next week in Chandigarh, is likely to discuss changes in tax rates on 14 items recommended by the Fitment Committee, according to a CNBC-TV18 report. The Council was earlier reported to have sought the views of states for increasing rates on 143 items, including handbags, perfumes/deodorants, chocolates, chewing gums, apparel & clothing accessories of leather, and walnuts, among others.
The Fitment Committee, which comprises revenue officials of both Centre and States, rejected rate change on 113 goods, deferred on two goods, and recommended rate change on 22 services, the report said.
The GST Council is likely to waive the requirement for filing refund claims by condoning the two-year period between March 1, 2020, and February 28, 2022, in view of the disruption caused by the COVID-19 pandemic, according to a report by CNBC-TV18 quoting sources. It might also permit tax authorities to file appeals against erroneous refunds by not considering the two-year COVID-19 period.
The Council is also likely to extend the timeline for filing GSTR 4 for FY22 without late fees by composition dealers to July 28 from the earlier deadline of June 30, 2022. It may also extend the due date of filing of FORM GST CMP-08 for composition taxpayers for the first quarter of FY23 from July 18 to July 30, 2022.