Posts

GST FAQ on E-Commerce

What is e-commerce? Ans. Section 43B(d) of the MGL defines an Electronic Commerce to mean the supply or receipt of goods and/ or services, or transmitting of funds or data, over an electronic network, primarily the internet, by using any of the applications that rely on the internet, like but not limited to e-mail, instant messaging, shopping carts, web services, universal description Discovery and integration (UDDI), File Transfer Protocol (FTP) and Electronic Data Interchange (EDI) whether or not the payment is conducted online and whether or not the ultimate delivery of the goods and/or services is done by the operator. Who is an e-commerce operator? Ans. Section 43B(e) of the MGL defines an Electronic Commerce Operator (Operator) as every person who, directly or indirectly, owns, operates or manages an electronic platform which is engaged in facilitating the supply of any goods and/or services. Also a person providing any information or any other services incidental to or i...
Post a Comment
Read more

GST Helpdesk - Contact Number & Email Id

GST HELPDESK Contact Details of GST Seva Kendra Sectoral Groups on GST - Contact details (As on June 14, 2017) GST HELPDESK Helpline: 0124-4688999 Email: helpdesk@gst.gov.in
2 comments
Read more

Advantages of GST

Advantage of GST to CITIZENS (i) Simpler tax system  (ii) Reduction in prices of goods and services due to elimination of cascading  (iii) Uniform prices throughout the country  (iv) Transparency in taxation system  (v) Increase in employment opportunities TRADE / INDUSTRY (i) Reduction in multiplicity of taxes  (ii) Mitigation of cascading/double taxation  (iii) More efficient neutralization of taxes especially for exports  (iv) Development of common national market  (v) Simpler tax regime-fewer rates and exemptions CENTRAL / STATE Govt. (i) A unified common national market to boost Foreign Investment and “Make in India” campaign  (ii) Boost to export/manufacturing activity, generation of more employment, leading to reduced poverty and increased GDP growth  (iii) Improving the overall investment climate in the country which will benefit the development of states  (iv) Uniform SGST and IGST rate...
Post a Comment
Read more

How to Register for GST?

Update on 17th June, 2017: According to GST portal: 1. If you are a Taxpayer having received Acknowledgement Reference Number (ARN):     You should be able to download the Provisional Registration Certificate from "Download Certificates" at GST website from 27th June 2017. 2. If you are a Taxpayer, who has saved the enrolment form with all details but has not submitted the same with DSC, E-Sign or EVC:     You will receive the ARN at your registered email ID, if the data given are successfully validated after 27th June 2017.     In case of validation failure (data like PAN not matching), you should be able to login at the same portal from 27th June 2017 onwards and correct the errors. You can refer     the registered email for details of the errors. 3. If you are a Taxpayer, who has partially completed the enrolment form:     You can login at the portal on the above mentioned date and complete the rest of the...
Post a Comment
Read more