We are sharing Indirect Tax amendments carried out in Union Budget 2022-23. We would like to specifically draw your attention towards few amendments having far reaching impact.
Input Tax credit on automated sheet with list of restrictions on utilisation of input tax credit for payment of output tax liability will have significant impact on any business directly impacting their operation and working capital. Similarly, few retrospective amendments in the Finance Bill in relation to Customs provisions have significant legal implication.
In case you have any query on our analysis, please write back to us.
Union Budget 2022-23BT Associates
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