1. Levy of Compensation Cess to be extended beyond the transition period of five years
2. Compensation to States today towards loss of revenue during 2020-21
3. Enhancement in features of return filing
4. Allowing filing of returns on a quarterly basis with monthly payments by small taxpayers
5. Revised Requirement of declaring HSN for goods and SAC for services in invoices and in FORM GSTR-1
6. Various amendments in the CGST Rules and FORMS
7. Refund to be paid/disbursed in a validated bank account linked with the PAN & Aadhaar of the registrant w.e.f. 01.01.2021.
8. Satellite launch services would be exempted.
Source: a2ztaxcorp.com
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