GST credits; import GST postponements; foreign low-value goods and digital providers. The Australian Taxation Office has announced a range of refliefs for businesses as the COVID-19 pandemic continues to affect businesses and consumers. The Goods and Services Tax measures include: Move to monthly GST returns
5% GST on gig and sharing economy platform aggregators 1 January 2022 The Indian Goods and Services Tax Council (GST council) has extended the GST net to providers and online platforms offering the following services on their own account or via third-party merchants on their
India celebrated the fourth anniversary 2017 implementation of Goods & Services Tax this month. It has proved a huge milestone in providing a business-friendly tax system which held back many parts of the economy. GST replaced a swath of Centre (Delhi federal govt) and States’
The Indian Goods and Services Tax latest filings deadlines have been extend in light of the emergency COVID-19 situation. Indian GST was introduced in 2017. The following extensions were provided by Central Board of Indirect Taxes and Customs (CBIC): May GSTR-1 deadline extended to 26
Update; The India e-invoice threshold was lowered to 20 Core 1 April 2022. The Indian Central Board of Indirect Taxes and Customs has lowered the annual sales threshold for mandatory GST e-invoices. Check VAT Calc’s global live VAT invoice transaction and e-invoice reporting tracker to see where else
The Indian Central Board of Indirect Taxes and Customs has lowered the annual sales threshold for mandatory GST e-invoices. Check VAT Calc’s global live VAT invoice transaction and e-invoice reporting tracker to see where else real-time submissions of invoices is being implemented. With effect from 1 April 2021,
Non-resident sellers and marketplaces now liable to Goods and Services Tax obligations on B2C electronic services The city-state of Singapore introduced its Goods and Services Tax (GST) on non-resident providers and electronic marketplaces of digital or electronic services on 1 January 2020. This applies to
Ahead of the first wave of businesses being mandated for e-invoicing on B2B GST invoices from 1 October 2020, India has increased the registration threshold to reduce the numbers of businesses having to comply. Indian GST was introduced in 2017. The new electronic invoicing regime
The Indian Finance Act 2020 introduced a 1% Tax Deducted at Source (TDS, or withholding tax) obligations on marketplace operators processing payments on behalf of their third-party merchants. Since 1 October 2020, marketplaces now have to register as withholding agents and deduct 1% of the
Confusion of tax treatment and case law for ride sharing and delivery platforms The tax system has always provided subsidies and preferential VAT benefits to the self-employed to reflect the risks of entrepreneurship and to offer a subsidy to a dynamic corner of the economy
