GST Council Meeting: What got cheaper and costlier?
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The Goods and Services Tax (GST) Council, in its 53rd meeting held in New Delhi, has decided to implement nationwide biometric authentication to tackle fake invoicing. Union Finance Minister and GST Council chair, Nirmala Sitharaman, announced this decision, stating it would help combat fraudulent input tax credit claims made through fake invoices. The council also suggested retrospective amendments to input tax credit timelines under the CGST Act.