https://www.taxtmi.com/article/detailed?id=11095 Proposed Finance Bill, 2023 amendments recalibrate GST facilitation and compliance: expand access to the Composition Levy including supplies through electronic commerce operators; require repayment and re availment rules for Input Tax Credit where supplier payment is not made within 180 days; include certain Schedule III transactions in the value of exempt supplies and deny ITC for corporate social responsibility inputs; impose a three year cap for furnishing outward supply details, periodic returns, annual returns and tax collected at source statements; decriminalise specified technical offences while retaining prosecution thresholds for fake invoices; reduce compounding amount ranges; create ECO penalties; and introduce consent based sharing of portal data with notified systems. en-us Fri, 10 Feb 2023 09:57:49 +0530 Fri, 10 Feb 2023 09:57:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11095 Proposed Finance Bill, 2023 amendments recalibrate GST facilitation and compliance: expand access to the Composition Levy including supplies through electronic commerce operators; require repayment and re availment rules for Input Tax Credit where supplier payment is not made within 180 days; include certain Schedule III transactions in the value of exempt supplies and deny ITC for corporate social responsibility inputs; impose a three year cap for furnishing outward supply details, periodic returns, annual returns and tax collected at source statements; decriminalise specified technical offences while retaining prosecution thresholds for fake invoices; reduce compounding amount ranges; create ECO penalties; and introduce consent based sharing of portal data with notified systems. Articles Budget - Tax Proposals Fri, 10 Feb 2023 09:57:49 +0530 https://www.taxtmi.com/article/detailed?id=11095