23.06.2023: Odisha govt amends GST bill, simplifies tax provisions

The Odisha cabinet on Wednesday approved the Odisha Goods and Services Tax (Amendment) Bill, 2023 that proposes to simplify the provisions and provide certain facilities to taxpayers and tax authorities in the state.

With the amendment in the GST bill, certain offences have been decriminalised to increase the monetary threshold from Rs 1 crore to Rs 2 crore for launching prosecution for the offences.

Accordingly, persons involved in offences relating to the issuance of invoices without a supply of goods or services or both from the option of compounding the offences have been excluded, reported TNIE.

As per reports, the amendment has also led to the removal on the restriction imposed on registered persons engaged in supplying goods through electronic commerce operators from opting to pay tax under the composition levy.

According to the amendments made in the bill, the input tax credit will not be available in respect of goods or services or both received by a taxable person which is used or intended to be used for activities relating to his obligations under corporate social responsibility as referred to in section 135 of the Companies Act, 2013. 

Previously the provision for the application of revocation or cancellation of registration was to be made within 30 days. 

Source: KNN

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