Newsletter/Booklets 14th Jun 2023

Indirect Tax Newsletter – May 2023

Authors

Sweta Rajan Partner | Mumbai
Samyuktha Srinivasan Senior Associate | Bangalore
Sushmita Sekhar Senior Associate | Bangalore

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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.

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