https://www.taxtmi.com/article/detailed?id=11903 Finance Act, 2023 expands the Composition Scheme to include suppliers of goods via e commerce, clarifies that unremitted payment within 180 days requires reversal/repayment of ITC with interest under Section 50(3), and mandates inclusion of warehoused goods sold pre clearance in the exempt supply base for common ITC reversal. ITC is blocked for CSR activities. Procedural limits include a three year bar on filing certain returns and revised timelines for revocation of cancelled registration and best judgment assessment. Offence thresholds and compounding rules are revised; export, SEZ, OIDAR, and place of supply rules are also amended. en-us Fri, 29 Sep 2023 18:41:40 +0530 Fri, 29 Sep 2023 18:41:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11903 Finance Act, 2023 expands the Composition Scheme to include suppliers of goods via e commerce, clarifies that unremitted payment within 180 days requires reversal/repayment of ITC with interest under Section 50(3), and mandates inclusion of warehoused goods sold pre clearance in the exempt supply base for common ITC reversal. ITC is blocked for CSR activities. Procedural limits include a three year bar on filing certain returns and revised timelines for revocation of cancelled registration and best judgment assessment. Offence thresholds and compounding rules are revised; export, SEZ, OIDAR, and place of supply rules are also amended. Articles Goods and Services Tax - GST Fri, 29 Sep 2023 18:41:40 +0530 https://www.taxtmi.com/article/detailed?id=11903