• Liability to obtain registration and deposit the applicable GST on the overseas providers of Online Information and Database Access or Retrieval (OIDAR) services widened:
• • ambit extended to all the supplies made to unregistered customers located in India, whether or not such supplies are received for business purpose
  • services to qualify as OIDAR even if they are not essentially automated and involve human intervention
• ITC restricted in respect of goods and services used or intended to be used for activities related to discharge of Corporate Social Responsibility (CSR) obligations under the Companies Act, 2013
• Restriction on opting of composition scheme imposed on the taxpayers supplying goods on electronic portal to be removed
• Place of supply of transportation services to be in India where the service provider and recipient both are in India, irrespective of the destination of such goods
• Manner of computing interest payable on delay in grant of GST refunds to be prescribed
• Taxpayers restricted from filing of the Forms GSTR-1, GSTR-3B, GSTR-9 and GSTR-8 after the expiry of 3 years from the applicable due date
• Introduction of penal provisions on e-commerce operators in the case of contravention related to supply of goods by unregistered and composition taxpayers through their e-commerce portal

Key Proposals under the Custom Law

• Time limit of 9 months introduced for disposal of matters by the Settlement Commission
• Reduction in Basic Customs Duty (BCD) rates on various products, for example:
  • Camera lens and its inputs/parts for use in manufacture of camera module of cellular mobile phone from 2.5% to Nil
  • Specified parts for manufacture of open cell of TV panel from 5% to 2.5%
• Exemption from levy of Social Welfare Surcharge on various products like silver, bicycles, specific toy and toy parts

 (These key highlights have been prepared basis the budget documents released by the Union Government)