CBIC vide notifications dated 31st July, 2023 has issued following relaxations under GST laws:
- Electronic commerce operator who is required to collect tax at source having an aggregate turnover in the preceding financial year and in the current financial year bellow the statutory limit for registration is exempted from registered.
- Registered person whose aggregate turnover in the financial year 2022-23 is up to two crore rupees is exempted from filing annual return for the said financial year.
- Services supplied by a director of a company or body corporate to the company or body corporate in his private or personal capacity such as services supplied by way of renting of immovable property to the company or body corporate are not taxable.
