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India GST four years old – friction ahead for Centre and States on Compensation Period

14 July 2021 in

e-way bill

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’

India GST deadlines extended

27 June 2021 in

COVID-19

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

Canada distribution platform e-commerce GST / HST liabilities

14 June 2021 in

Canada

The rules for the liabilities on e-commerce sales for non-resident sellers via ‘distribution platforms’ change from 1 July 2021. If the foreign seller only sales its Canadian-located stocks to consumer via a distribution platform, then the platform takes on the federal Goods and Services (GST)

OECD gig and sharing economy reporting guidelines

10 June 2021 in

Gig and sharing economies

The Organisation for Economic Cooperation and Development has issued model gig and sharing economy tax reporting guidelines. This framework aims to provide clarity and consistence between global tax authorities on the data they require to help monitor the activities of sellers or users of the

India lowers e-invoice threshold to 50 Cores

12 March 2021 in

e-invoice

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

India lowers e-invoice threshold to 50 Cores

25 February 2021 in

e-invoice

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,

India pre-filled GST transaction returns 2021

1 January 2021 in

GSTR 3B transaction draft report now available from tax authorities India is to introduce pre-filled Goods & Services transaction report, GSTR 3B, will now be pre-completed for taxpayers from 1 January 202. This is based on India e-invoice submissions and of all its suppliers filed

Singapore GST on foreign digital services

19 November 2020 in

digital services

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

India e-invoice preparations advance

25 October 2020 in

e-invoices

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

Indian 1% e-commerce marketplace withholding tax Oct 2020

1 October 2020 in

digital services

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

Tag: GST

India GST four years old – friction ahead for Centre and States on Compensation Period

India GST deadlines extended

Canada distribution platform e-commerce GST / HST liabilities

India lowers e-invoice threshold to 50 Cores

India lowers e-invoice threshold to 50 Cores

India pre-filled GST transaction returns 2021

Singapore GST on foreign digital services

India e-invoice preparations advance

Indian 1% e-commerce marketplace withholding tax Oct 2020

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