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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

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,

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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

India GST on foreign digital services

3 November 2020 in

digital services

‘Online information database access and retrieval’ OIDAR services liable to GST when provided by non-resident provider Non-resident providers of digital or electronic services to Indian consumers become liable to its Integrated Goods and Services Tax (‘IGST’ or ‘GST) from 1 July 2017. There is a

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

India GST e-way bills

1 April 2018 in

e-invoice

India introduced goods transport e-way bills in April 2018 as part of the implementation of its Goods & Services Tax on 1 July 2017. The requires a digital filing notification of the movement of any goods above Rs. 50000 (approx €570 or $670). E-way bills are

India implements GST 1 July 2017

12 July 2017 in

CGST

One-nation Goods and Services Tax implementation simplifies range of overlapping consumption taxes India has implemented a Goods and Services Tax on 1 July 2017. It is administered by the Central Board of Indirect Taxes & Customs (CBIC). It is operated by the Goods and Services

Tag: India

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

India GST deadlines extended

India lowers e-invoice threshold to 50 Cores

India lowers e-invoice threshold to 50 Cores

India pre-filled GST transaction returns 2021

India GST on foreign digital services

India e-invoice preparations advance

Indian 1% e-commerce marketplace withholding tax Oct 2020

India GST e-way bills

India implements GST 1 July 2017

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