Newsletter/Booklets 14th Jun 2023
In the month of May 2023, several key changes to the administration of indirect tax laws through Notifications, Circulars etc. have been announced as follows:
-Introduction of the ‘Scrutiny Module’ for online scrutiny of returns on ACES-GST by CBIC
-Reduction of mandatory threshold for e-invoicing under GST from ten crores to five crores
-Amnesty Scheme for default in export obligation by EPCG and Advance Authorization licence-holders
-Online facilitation for virtual meeting / personal hearing requests from the RA of DGFT by exporters
Additionally, several judgments / rulings in matters related to intermediary services, interest payable on inordinate delays on refund, valuation under GST etc. have been discussed.