GST Compendium – September 2022

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The September edition of GST Compendium analyses various important amendments/updates, key judicial pronouncements and decodes advance rulings.

Key highlights of the publication

  • Important updates/announcements: The threshold limit for e-invoicing under GST has been reduced from INR 20 crore to INR 10 crore, effective 1 October 2022. This is in continuation of the steps taken by the government to widen the tax net.
  • Key judicial pronouncements: On the judicial front, the Apex Court has directed the Union of India/GST Council to instruct states to implement an electronic DIN system to bring transparency and accountability in the indirect tax administration. In another ruling, the Apex Court has held that the sale/supply of antivirus software in a CD to the end-user by charging a licence fee is a deemed sale, not leviable to service tax.
  • Expert’s column: This edition of the Compendium analyses RPT governance from a transaction tax perspective. 
  • Important developments in direct taxes: On the direct tax front, the CBDT has specified more forms that are required to be filed electronically. It has also reduced the time limit for verification of income tax returns and notified the form for claiming a refund of TDS in certain cases.