https://www.taxtmi.com/article/detailed?id=7345 The bill permits later inclusion of specified petroleum products under CGST, revises the composition levy into distinct bands, and relocates the related persons explanation into valuation. Schedule amendments exempt employer gifts below a set threshold, treat unincorporated associations' supplies to members as goods but exclude member services, and remove actionable claims (excluding betting/lottery/gambling) from taxable supply. Input tax credit retention requires payment including tax within a prescribed period, with reversed credit restorable upon subsequent payment. An anti profiteering authority is provided for enforcement. en-us Wed, 29 Mar 2017 05:57:48 +0530 Wed, 29 Mar 2017 05:57:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7345 The bill permits later inclusion of specified petroleum products under CGST, revises the composition levy into distinct bands, and relocates the related persons explanation into valuation. Schedule amendments exempt employer gifts below a set threshold, treat unincorporated associations' supplies to members as goods but exclude member services, and remove actionable claims (excluding betting/lottery/gambling) from taxable supply. Input tax credit retention requires payment including tax within a prescribed period, with reversed credit restorable upon subsequent payment. An anti profiteering authority is provided for enforcement. Articles Goods and Services Tax - GST Wed, 29 Mar 2017 05:57:48 +0530 https://www.taxtmi.com/article/detailed?id=7345