- Finance Minister Nirmala Sitharaman says the GST Council can consider raising the sales threshold for GST registration from ₹40 lakh to ₹60 lakh
- Sitharaman acknowledges the request for a national appellate authority for advance ruling in GST law
- The minister hopes state governments will consider including petrol and diesel in GST
- Sitharaman suggests that most small firms should ideally be part of the GST chain
- Amendments to GST law are proposed to align the GST appellate tribunal with tribunals reform and a Madras high court decision
- Monthly GST return filing has reached 90% compliance, up from 71% three years ago
- The Central GST (Second Amendment) Bill, 2023 seeks to expand the pool of candidates for appointment to the tribunal
- The Provisional Collection of Taxes Bill, 2023 allows the government to give immediate effect to customs and excise duty changes proposed in the Finance Bills without waiting for their passage.
Source: a2ztaxcorp.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
