1 October 2023 top rate GST for online gaming, casinos and horse racing The Indian GST Council, which oversees the national Goods and Services Tax, has subjected online gaming, casinos and horse racing to the top rate 28% GST from 1 October 2023. The previous
GST Network again delays 30-day e-invoice upload deadline from August to November 2023 The GSTN has postponed again a new deadline for e-invoice uploads to the Invoice Registration Portal (IRP). Instead of 1 August 2023, the new implementation date is 1 November 2023. The original
GST Network delays 7-day e-invoice upload deadline from May to August 2023 The GST Network (GSTN) has postponed by three months a new seven day deadline for e-invoice uploads o the Invoice Registration Portal (IRP). Instead of 1 May, this obligation will now come into
India confirms delay in consolidation of 12% and 5% Goods and Services Tax rates India’s Goods and Services Tax Council is reviewing simplifying the number of GST rates from five to four. This would likely mean the withdrawal of the current secondary main rate of
Jan 2023 published lowering of e-invoicing threshold will not go ahead; threshold remains ₹10 per annum The Indian Central Board of Indirect Taxes and Customs (CBIC) has refuted reports of a cut to the annual sales threshold for clearing e-invoices to ₹5 per annum for 1
Latest threshold drop brings thousands more taxpayers into electronic invoicing requirements From 1 January 2023, the next round of Indian taxpayers obliged to digitally authenticate sales invoices with the GST Invoice Registration Portal operated by the GST Network. The annual sales threshold for clearing e-invoices
More time allowed for 2021-22 input and credit allowances A number of delays have been provided for by the Central Board of Indirect Taxes of India. These are extensions on claims for certain credits on Goods and Services Tax for the 2021-22 year. They include:
Further drop in annual sales threshold for India GST payers to adopt electronic invoicing The government has approved a new cut in the annual sales threshold to ₹10 crore (approx.$120 million per annum) for taxpayers mandated to adopt Indian e-invoicing. This will come into effect
GST state compensation ends tonight in deadlock; rate rises and removal of exemptions on certain supplies despite inflationary worries The July meeting of the Goods and Services Tax Council meeting approved rate rises on a range of supplies, plus the removal of some exemptions from the
Proposals to consolidate from 4 rates to 3 likely to go hold due to inflationary fears Long waited plans from the Goods and Services Tax Council to rationalise the GST rates from 4 to 3 slabs look certain to be delayed as inflation in April
