https://www.taxtmi.com/article/detailed?id=8067 Proposed GST amendments seek to refine the definition of supply and clarify composite versus mixed supplies, limit Schedule II's role to classification between goods and services, and define immovable property to avoid works contract disputes. They propose expanding Schedule III exclusions, revising reverse charge to permit notified classes of recipients, and adjusting composition scheme eligibility and inter state treatment. Submissions press for narrowed blocked ITC, restoration of certain credits, no interest on ITC reversals for supplier non payment, smoother registration and returns procedures, consolidated debit/credit note rules, refund and appeal safeguards, and a centralised advance ruling mechanism. en-us Wed, 18 Jul 2018 06:00:59 +0530 Wed, 18 Jul 2018 09:54:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8067 Proposed GST amendments seek to refine the definition of supply and clarify composite versus mixed supplies, limit Schedule II's role to classification between goods and services, and define immovable property to avoid works contract disputes. They propose expanding Schedule III exclusions, revising reverse charge to permit notified classes of recipients, and adjusting composition scheme eligibility and inter state treatment. Submissions press for narrowed blocked ITC, restoration of certain credits, no interest on ITC reversals for supplier non payment, smoother registration and returns procedures, consolidated debit/credit note rules, refund and appeal safeguards, and a centralised advance ruling mechanism. Articles Goods and Services Tax - GST Wed, 18 Jul 2018 06:00:59 +0530 https://www.taxtmi.com/article/detailed?id=8067