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ONLINE AGGREGATORS GST
Fino Payments Bank used shell cos, payment aggregators to move illicit funds from online money gaming: SourcesGST authorities have arrested its managing director and CEO Rishi Gupta for violating the law related to the Goods and Services Tax (GST), ...
Industry body says GST reducing drivers' net earnings; to approach FinMin to re-look at tax structureOnline ride-hailing platforms face challenges with current GST rules. The Internet and Mobile Association of India, IAMAI, has written to t...
No GST on penal charges levied by banks, NBFCs: CBICGST will not be charged on penal charges levied by banks and NBFCs, as clarified by the CBIC. This exemption is due to such charges being d...
ETtech Explainer: What’s behind the Rs 803-crore GST demand on Zomato?Indian food delivery giant Zomato received Rs 803 crore GST notice. The government says Zomato should pay tax on delivery fees. Zomato argu...
Zomato gets fresh GST demand, penalty order of Rs 17.7 croreThe demand order, received by the company on Tuesday, is with respect to non- payment of GST on delivery charges and interest, penalty ther...
Most phones sold online end up in grey marketA New Delhi-based retailer aware of the practice said the aggregators, or “cutters”, have hundreds of user accounts on online platforms, op...
Monthly GST mop-up from online gaming companies jump 400 pc since October 1Monthly GST collections from online gaming companies have surged by over 400% to Rs 1,200 crore since October 1 due to the implementation o...
Zomato, Swiggy want to clarify stance to DGGI on tax noticeCompanies are expected to tell officials that delivery fees are not accounted for as revenue, but passed on to delivery workers and hence c...
Zomato, Swiggy to pay GST on restaurants' behalf. Will your online food ordering bill rise?At present, restaurants charge 5% GST without input tax credit, on the supply of services including supply of food and beverages. Meanwhile...
Evolution of indirect tax regime for e-commerce businesses & the futureThe e-commerce market contributed to about 0.76% of India's GDP in 2017 and is expected to grow to 2.5% by 2030.
Council to review food aggregator's GST woesThe aggregators are unable to show tax collected at source (TCS) from restaurants using their platform.
ClearTax to foray into return filing in GST regime, launch appClearTax.com Founder and CEO Archit Gupta said there could be teething trouble arising in the initial 12-18 months after GST rollout.
Straitjacketing ecommerce in new GST Bill will kill innovation: IndustryWith the rapidly changing models of carrying out business online, grouping existing companies in straitjacketed definitions might be a diff...
New GST Bill definitions "imprecise" for e-comm sector: IAMAIThe new draft of the Goods and Services Tax Bill will be problematic for companies in the e-commerce sector because of a lack of clarity.
Ecommerce companies say GST will be taxing for customersThe recommendations include defining ecommerce appropriately to remove the ambiguity and confusion with “aggregator” and “intermediary” und...
Ecommerce companies want government to keep aggregators out of GSTIndia’s rapidly expanding ecommerce companies are lobbying the government to keep aggregators that run marketplaces out of the proposed GST...
Budget 2015: Amazon, Flipkart and Uber to be affected by new service tax rate of 14 per centThe budget proposal to bring the online commerce industry under the ambit of the new service tax rate of 14% will impact web-based aggregat...