Key GST and Indirect Tax Proposals in Finance Bill 2019

Budget 2019 proposes various changes to GST and IDT regime in line with Govt's objective to simplify GST and promote 'ease of compliance' and 'Make in India' initiative; Proposes Sabka Vishwas Legacy Dispute Resolution Scheme to resolve litigations under pre-GST regime; Provides that interest shall be paid only on the net cash tax liability, allows composition taxpayers to furnish annual return along with quarterly payment of taxes and provides certain other categor...