Key Highlights in Budget – GST
Key Budget Highlights 2023 – GST Composition taxpayers allowed to supply goods through electronic commerce operators who is required to collect tax at source.Input tax credit not available if used by the corporate relating to its CSR activities.Registration requirement under Section 23 amended and now even if your turnover exceeds the limit, you need not register if:(a) You are exclusively in the business of sullying wholly exempted / non taxable goods or services or(b) Agriculturist (on the supply of agriculture produce) GSTR 1 cannot be filed after three years form the due date.GSTR 3B cannot be filed after three years form the due date.GSTR 9 (Annual return) cannot be filed after three years form the due date.TCS returns under section 52 cannot be filed after three years from the due…