9 GST law amendments in Budget 2023

In the Union Budget 2023, Finance Minister Nirmala Sitharaman announced nine legislative changes in the GST law.  Decriminalisation The compounding amount is reduced from the present range of 50 per cent to 150 per cent of tax amount to the range of 25 per cent to 100 per cent. This was done to raise the minimum threshold of tax amount for launching prosecution under GST from Rs 1 c…