GST - Proposed GST related amendments in the Finance Bill 2023 - Non-obstante proposed for persons not liable for compulsory registration which shall be specified by the government; For assessment of non-filers of returns, the period to be extended from 30 days to 60 days; Place of supply of services as per Section 13(9) of transportation of goods is proposed to be omitted; and many more [Finance Bill attached]
Admin
24-Mar-2023 11:41:01
Key changes in the CGST Act:
Section 23 - Persons not liable for registration: Non-obstante proposed to be added to Section 23 for exemption from compulsory registration. The same shall now be applicable only to the category of persons specified by the government who may be exempted from obtaining registration under this Act.
Section 30 - Revocation of cancellation of registration: The time period of 30 days for the application for revocation of cancellation of registration shall now be specified in the rules.
Section 62 - Assessment of non-filers of returns: The period to furnish returns has been proposed to be extended from 30 days to 60 days.
Section 109 - Constitution of Appellate Tribunal and Benches thereof & Section 110 - President and Members of Appellate Tribunal, their qualification, appointment, conditions of service, etc.: Provisions relating to the constitution of Appellate Tribunal and their administration have been substituted.
Key changes in the IGST Act:
Section 13: Sub-section (9) providing place of supply of services of transportation of goods (other than by way of mail or courier), be the place of destination of such goods is proposed to be omitted.
