The Finance Bill was introduced in the Lok Sabha on 1st February 2023. On 24th March, 2023, the Lok Sabha has passed the revised Finance Bill 2023 with over 60 amendments pertaining to the Income Tax Law and the Indirect tax laws such as Customs and Goods and Services tax (GST).  Subsequently, the Finance Act 2023 received the assent of the President of India on 31st March, 2023.

 

In this attached Newsflash, we have provided a brief overview on some of these key amendments made in the Finance Act 2023 vis-à-vis Original Finance Bill presented on 1 February 2023.

Happy Reading !

 

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