- GST Council likely to reduce pre-deposit amount for tax disputes
- Proposal to reduce pre-deposit to 10% of disputed tax or maximum of ₹20 crores for CGST and SGST, ₹40 crore for IGST
- Experts believe new limits would provide relief by freeing up working capital
- Decision to be made by GST Council on June 22
- Council also likely to address retrospective demands for industry
Source: a2ztaxcorp.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
