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MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) NOTIFICATION No. 34/2023- Central Tax New Delhi, the 31st July, 2023 G.S.R. 577(E).—In exercise of the powers conferred by sub-section (2) of section 23 of the Central…
Small businesses that sell goods through e-commerce platforms fear a recently launched drive against fake Goods and Services Tax (GST) registrations could hit them hard because many of them run operations through co-working spaces or shared warehouses—practices that may pose…
In relief for businesses adopting newer promotional schemes to expand their businesses, the Karnataka Authority for Advance Ruling has allowed input tax credit benefits for performance-based promotional schemes.
The Goods and Services Tax Network (“GSTN”) vide Advisory dated July 20, 2022 state that E-Commerce Operator (“ECO”) are liable to pay GST on specified supply of services under Section 9(5) of the Central Goods and Services Tax Act, 2017 (“the…
As per the recent tweet by ET NOW, sources say the GST Council has agreed to allow e-commerce sellers in the composition scheme.
To encourage online retail, the GST Council is likely to exempt small entities making supplies through e-commerce from mandatory registration requirement and allow them to opt for composition scheme. This will bring them on a par with offline players by…
A Parliamentary committee report on the promotion and regulation of e-commerce in India has opined multiple steps for the government to be taken to boost MSMEs’ e-commerce participation. Among the key suggestions in the report, submitted to the Rajya Sabha secretariat on…
Industry body, Confederation of All India Traders (CAIT), on Saturday urged the government to abolish the mandatory GST registration requirement for listing on ecommerce platforms. CAIT said that the provision was preventing small traders’ from using ecommerce platforms to boost…
Source : News and Update dated 04.01.2022 As per the GST Council decision to notify “Restaurant Service” under section 9(5) of the CGST Act, 2017 along with other services notified earlier such as motor cabs, accommodation and housekeeping services wherein…