MG Tax Consultant & Services

30/03/2025

Happy Navratri from MGTAX Consultant & Services
❤️

13/03/2025

04/01/2025

.

26/12/2024

Rip Dr Manmohan Singh 🙏

26/12/2024

Follow krne pe tax ni dena 🌝

25/12/2024

Pollution in India or India in pollution?

24/12/2024

Tax on insurance premium.

23/12/2024

Ci******es & soft drinks costlier with 35% gst

23/12/2024

Union Finance Minister Nirmala Sitharaman-led goods and services tax (GST) Council Meeting on Saturday, December 21, decided to levy an 18 per cent GST rate on the margin value on sale of used electric vehicles (EVs) by businesses and on old vehicles. The tax panel said GST will be exempted on the sale of used cars between individuals.

21/12/2024

Gst on popcorn 🍿

21/12/2024

Tax on e-commerce 😱
What is ideally required is a broader policy decision from the GST Council regarding the levy of GST on e-commerce business models, rather than specific clarifications or exceptions for individual sectors. Uniformity and certainty of the tax position will be critical for the stability of the burgeoning e-commerce businesses

GST on the e-commerce segment as a whole has been a vexed issue in India, with tax laws often playing catch-up with newer technology-driven business models emerging from time to time. In the current GST framework, there are two specific ways in which e-commerce platforms have been thrust with compliance obligations for supplies of goods and services facilitated by them:

1. Through the tax collection at source (TCS) mechanism under Section 52 of the Central Goods and Services Tax Act, 2017 (CGST Act), wherein e-commerce platform operators are liable to collect an amount equivalent to 1 percent of the “net value of taxable supplies made through it by other suppliers where the consideration with respect to such supplies is to be collected by the operator.”

2. Under Section 9(5) of the CGST Act, for a few notified services (such as passenger transportation, food delivery etc.), it has been specified that GST shall be paid by the e-commerce platform operator if such services are supplied ‘through’ it, and GST laws will apply to such operators “as if he is the supplier liable for paying the tax in relation to the supply of such services”