⭐ Important points (exam-critical)
- ⭐E-invoicing mandatory for turnover > ₹5 crore (FY 2023-24 threshold).
- ⭐Aadhaar authentication mandatory for fresh registrations to curb fake registrations.
- ⭐Refund on account of inverted duty structure does not apply to specified notified goods.
- ⭐Sec 54(3) — refund of accumulated ITC permitted in 2 cases only: zero-rated + inverted duty.
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