Composition levy expansion and ITC recovery changes reshape supplier eligibility and recipient repayment obligations under GST.
Proposed amendments broaden composition levy eligibility to include suppliers of goods via e commerce platforms, require recipients who fail to pay invoice value within the prescribed period to repay ITC availed with interest while permitting ITC once payment to the supplier is made, expand exempt supply valuation to include pre clearance transfers of warehoused goods, disallow ITC for goods or services used for CSR, set uniform maximum belated filing windows for several returns, include provisionally accepted ITC in provisional refunds, prescribe interest computation for delayed refunds, and introduce targeted penalties and decriminalisation measures. (AI Summary)