On the verge of completing 5 Years of Implementation of GST in India, The GST Council in its 47th GST Council Meeting has come out with a flurry of recommendations targeted toward rate rationalization and correction of inverted rated duty structure. The important takeaways apart from legal changes proposed in law, rules and procedures are that given law is still in the process of settling and thus all those who are engaged in dealing with the same should be ready to adopt, unlearn and relearn swiftly.
