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

Latest Thought Leadership

Articles 26th Jul 2024

GST Amnesty Scheme: A Positive Step Towards Reducing Litigation before the upcoming GST Tribunal

Alerts & Updates 26th Jul 2024

Guarantor Liability under IBC and Contract Act – Critical Gaps in the application of Principle of Subrogation

News & Media 26th Jul 2024

Judgement that will alter both federal and mineral tax landscape

News & Media 26th Jul 2024

Mineral merry for states: Centre does not have sole claim on royalties, says Supreme Court

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.