Indirect taxes: Budget proposals aligned with govt's strategic priorities

Budget 2023-24 adopted seven priorities or Saptarishi, one of which is building focus on green growth


The minimum threshold for prosecution under GST has been raised from Rs 1 crore to Rs 2 crore, except for the offense of issuance of invoices without supply of goods, or services, or both

PwC India
The indirect tax proposals are aligned with key strategic priorities of the government. Largely, the focus has been on the Make in India theme, export promotion, ease of doing business, green energy and mobility.

There are aspects relating to input tax credit (ITC), the e-commerce sector, and foreign digital service providers, which also merit special mention.

Denial of ITC on CSR spends a regressive step

First Published: Feb 03 2023 | 06:15 AM IST

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