NOTICE NO FOR AMMENDMENT OF SECTION 23(1) IN BUDGET 23

[JUBLEEDEALERS PVTLTD]

Notice for recent amendment in section 22(1) and 24 in gst for exempted supplied dealer in the recent finance bill 23

AI Summary

Exemption under Section 23 bars compulsory GST registration for persons exclusively engaged in exempt supplies following retroactive amendment.
Amendment clarifies that Section 23 operates as a non obstante clause so persons required for compulsory registration do not need to register if exempt under Section 23, including those exclusively engaged in exempt supplies and agriculturists to the extent of produce from cultivation, with retrospective effect and enacted via the Finance Act.