GST Council Acts on Safari Retreats Case: Retrospective Amendment Proposed for Drafting Error on S. 17(5) in GST Act

The GST Council has proposed a retrospective amendment to address a drafting error in Section 175 of the GST Act, specifically related to Safari Retreats. This amendment seeks to rectify an issue in the original legislation that affected certain transactions. The retrospective nature of the amendment means that it will apply to past transactions, providing relief to businesses affected by the error. The decision demonstrates the council's commitment to correcting technical issues in the GST framework to ensure fairness and transparency. The proposal will ensure that businesses are not unfairly penalized due to a drafting mistake, reinforcing the need for accurate legal provisions.