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GST authorities are working out a mechanism to deal with the taxation and registration issues related to shared warehouses maintained by e-commerce companies, where multiple suppliers store their goods for the last mile delivery, an official said.
It is informed to all taxpayers that as per Notification No. 26/2022 – Central Tax dated 26th December 2022 two new Table 14A and Table 15A have been introduced in GSTR-1 to capture the amendment details of the supplies made…
Online travel agencies (OTAs) are seeking a level playing field as they continue to eye higher growth in bus ticketing segment. Bus ticketing is the fastest growing segment for OTAs with a daily seat inventory of around two million seats.…
India is unlikely to extend the moratorium on the imposition of customs duties on electronic transmissions at the WTO’s 13th Ministerial Conference (MC13) in Abu Dhabi this month, as there is no consensus on its scope and it benefited mostly…
The taxpayers are being provided a facility to pass input tax credit (ITC) to the registered taxpayers who are receiving the supplies u/s 9(5) through Such ITC will be available to the registered recipient in newly introduce section in GSTR-2B.…
Small Businesses enabled to make supplies through e-Commerce Operators ✔️ Unregistered suppliers and Composition Taxpayers are now allowed to make intra-state supplies through e-Commerce Operators (ECOs) w.e.f. 1st October 2023 ✔️ Lakhs of small businesses would be benefited from the…
Section 194-O of the Income-tax Act, 1961 (‘the Act’) provides that an e-commerce operator shall deduct income-tax at the rate of one per cent of the gross amount of sale of goods or provision of service, or both, facilitated through…
The central government is working on a simplified Goods and Services Tax (GST) regime for services industries, including e-commerce and travel, which may not have physical offices in the states they operate. The options before the authorities include a change in the…
12/10/2023 GSTN has also provided APIs for ECOs (through whom unregistered persons can supply goods) to integrate with GSTN to obtain the details and facilitate the unregistered suppliers. The APIs are for validating the demographic details of the said suppliers…
12/10/2023 1. In terms of the recent amendments to the Act and the rules and notification number 34/2023 dated 31.07.2023, persons supplying goods through e-commerce operators shall be exempt from mandatory registration under the CGST Act even if they supply…