{"id":7614,"date":"2022-06-30T09:47:50","date_gmt":"2022-06-30T08:47:50","guid":{"rendered":"https:\/\/www.klickongstworld.com\/blog\/?p=7614"},"modified":"2022-06-30T09:47:50","modified_gmt":"2022-06-30T08:47:50","slug":"47th-gst-council-meeting-reversal-of-input-tax-credit-for-exempted-supply-of-duty-credit-scrips","status":"publish","type":"post","link":"https:\/\/www.klickongstworld.com\/blog\/47th-gst-council-meeting-reversal-of-input-tax-credit-for-exempted-supply-of-duty-credit-scrips\/","title":{"rendered":"47th GST Council Meeting : Reversal of input tax credit for exempted supply of Duty Credit Scrips"},"content":{"rendered":"<p align=\"justify\">47th GST  Council&nbsp;meeting chaired by Hon&#8217;ble Union Minister of Finance Nirmala  Sitaraman has concluded today in Chandigarh which was attended by Union  Minister of State for Finance Shri Pankaj Chaudhary besides Revenue Secretary  Shri. Tarun Bajaj, Chairman of the CBIC Shri. Vivek Johri, Member of the CBIC  Shri. D P Nagendra Kumar, Sandeep Kumar and Sanjay Agarwal and other senior  officers from the Finance Ministry and the CBIC with Finance Ministers of  States &amp; UTs and Senior officers from Union Government &amp; States.\n<\/p>\n<p align=\"justify\">As per Press release, The  GST Council has made the following recommendations relating to <em>reversal of input tax credit for exempted  supply of <strong>Duty Credit Scrips<\/strong><\/em>:<\/p>\n<p align=\"justify\">  Explanation 1 after rule 43 of CGST Rules to be amended to provide that there is no requirement of reversal of input  tax credit for exempted supply of <strong>Duty Credit Scrips <\/strong>by the  exporters. <\/p>\n<p align=\"justify\">&nbsp;<\/p>\n<p align=\"center\"><strong><a href=\"https:\/\/klickongstworld.com\/uploads\/Press_Release_47_GSTC.pdf\">Klick  here for the copy of the Press release<\/a><\/strong> <\/p>\n","protected":false},"excerpt":{"rendered":"<p>2022\/06\/47th.jpg<\/p>\n","protected":false},"author":1,"featured_media":7553,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"_links":{"self":[{"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/posts\/7614"}],"collection":[{"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/comments?post=7614"}],"version-history":[{"count":1,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/posts\/7614\/revisions"}],"predecessor-version":[{"id":7616,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/posts\/7614\/revisions\/7616"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/media\/7553"}],"wp:attachment":[{"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/media?parent=7614"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/categories?post=7614"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/tags?post=7614"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}