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GST Council likely to align export definition with forex earnings, clarify on overseas branch services

The GST Council is expected to review a proposal to redefine the definition of export for services. This proposal aims to remove ambiguities related to services provided through overseas branches of Indian companies. The changes are anticipated to enhance clarity for exporters and reduce litigation regarding service supply locations. Additionally,…

The Economic Times · Oct 5

GST registration overhaul: Businesses may soon apply for multiple states at once

The GST Council plans to discuss a proposal for a unified GST registration process for businesses. This proposal aims to streamline applications by allowing multiple state registrations via a single form. Currently, businesses must separately register in each state, complicating the process. Additionally, changes in major fields of registration may…

The Economic Times · Oct 5

GST Council may clear sweeping compliance reforms; e-commerce sellers, genuine buyers to get relief

The GST Council will assess various procedural reforms aimed at simplifying tax compliance for businesses. Proposed measures include enabling small e-commerce vendors to register using platform warehouses. Additionally, the input tax credit for genuine buyers will be protected even if suppliers fail to remit tax.

The Economic Times · Oct 4

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UPI MDR may attract 18% GST; eligible merchants can claim input tax credit

Effective October 15, UPI payments to merchants (P2M) above Rs 2,000 will attract a 0.4% merchant discount rate with an overall cap of Rs 300. Besides, a flat concessional MDR rate of Rs 5 would be applicable on specific merchant categories such as railways, telecom services, insurance, and fuel for…

The Economic Times · Sep 16

UPI MDR above Rs 2,000 to attract 18% GST, merchants can claim input tax credit

UPI payments to merchants above two thousand rupees will attract a zero point four percent merchant discount rate. Merchants will pay eighteen percent GST on these charges, which is effective October 15th. Registered merchants can claim input tax credit on the GST paid on these fees. This tax structure aims…

The Economic Times · Sep 16

GSTN puts proposed e-way bill changes on hold after industry feedback

GST Network has postponed two e-way bill system enhancements. These changes were scheduled for implementation starting August 1. Industry feedback highlighted implementation difficulties with existing systems. The government is reconsidering the design of these proposed changes. This decision allows for additional stakeholder preparedness and avoids business disruption.

The Economic Times · Jul 30

Finance Ministry notifies rules for determination of origin of goods under India-UK trade pact

India's Finance Ministry has notified rules for determining the origin of goods under the India-UK CETA, effective July 15, 2026. This agreement grants duty-free access for 99% of Indian exports to the UK, boosting sectors like textiles and engineering. The rules ensure only genuine goods qualify for preferential tariffs, preventing…

The Economic Times · Jul 4

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New GST jurisdiction to handle pending cases after business shift: CBIC

Taxpayers shifting their business location will now have their ongoing tax proceedings seamlessly transferred to the new jurisdictional authority. The Central Board of Indirect Taxes and Customs clarified that any investigations or notices issued by the previous authority remain valid and will be continued by the new one. This move…

The Economic Times · Jun 27

Businesses can digitally record 'goods delivered' on e-way bill portal: GSTN

GST registered businesses can now digitally close e-way bills upon delivery completion. This new voluntary feature on the GST portal strengthens transaction trails and accountability. Previously, e-way bills tracked goods movement but lacked a formal completion record. This move aims to improve data integrity and traceability. Experts suggest this could…

The Economic Times · May 21

Finance Ministry notifies valuation methodology for calculating GST on online gaming, casino

The government on September 6 notified amendments to GST law in relation to the valuation methodology to be adopted by online gaming companies and casinos for calculating tax.

The Hindu · Sep 7, 2023

Government tweaks GST rules for claiming input tax credit

NEW DELHI: GST taxpayers will be required to reverse by November 30 the input tax credit (ITC) claimed in the last fiscal in case their suppliers fail to deposit the due tax by September 30, the finance ministry has said.

The Times of India · Dec 27, 2022

Slow GST portal: CBIC mulls extending September returns filing due date

NEW DELHI: With taxpayers facing slow functioning of the GSTN portal, CBIC on Thursday said it is examining the proposal of extending the deadline for filing GST returns for September.

The Times of India · Oct 20, 2022

Pay 5% GST on pre-packed, labelled food items, hospital rooms above ₹5,000 from Monday

Hotel rooms with tariff of up to ₹1,000/day, maps and charts, including atlases, will attract a 12% GST

The Hindu · Jul 17, 2022

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