https://www.taxtmi.com/article/detailed?id=11087 Budget proposals simplify direct taxes and rationalise indirect taxes by amending CGST and IGST provisions to align input tax credit and return mechanisms with current filing systems, restrict credit for specified exempt transactions and CSR spending, remove certain composition levy restrictions for e commerce suppliers, provide extended time limits for return filing, prescribe refund and interest computation changes, enable consent based data sharing between tax authorities, and increase prosecution thresholds and specified penalties for e commerce operator contraventions. en-us Tue, 07 Feb 2023 10:10:28 +0530 Tue, 07 Feb 2023 10:10:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11087 Budget proposals simplify direct taxes and rationalise indirect taxes by amending CGST and IGST provisions to align input tax credit and return mechanisms with current filing systems, restrict credit for specified exempt transactions and CSR spending, remove certain composition levy restrictions for e commerce suppliers, provide extended time limits for return filing, prescribe refund and interest computation changes, enable consent based data sharing between tax authorities, and increase prosecution thresholds and specified penalties for e commerce operator contraventions. Articles Goods and Services Tax - GST Tue, 07 Feb 2023 10:10:28 +0530 https://www.taxtmi.com/article/detailed?id=11087