CA CHANDRU BLOG

  Taxation Limits Revised for FY 2023-24 Category Previous Limits Revised Limits Sec 44AD:  For small businesses  ₹ 2 crores  ₹ 3 crores* Sec 44ADA:  For professionals like doctors, lawyers, engineers, etc.  ₹ 50 lakhs  ₹ 75 lakhs* For more details visit www.cachandru.in or contact @ auditor@cachandru.in / 99000 63999

GST CHANGES IN THE 2023 BUDGET   1. Section 10 - Removal of restriction on Composite Dealers for supply goods through e-commerce operator.   Background :  Section 10 deals with composition dealers and provides restriction on composite dealers to  not to supply any goods or services   through e-commerce operator. Changes:  Section 10 of CGST Act has now been amended to  remove  such restriction on composite dealers for supply of  goods  through e-commerce operator. However restriction for supply of  services  shall continue as earlier.  To give effect the above change, the words  "goods or"  have been omitted from clause (d) of sub-section (2) and clause (c) of sub-section (2A). Another important aspect is whether composite dealers will be allowed to sell goods outside state through e-commerce operator or not? The answer is negative. There is no change in these provisions and composite dealers will not be all...