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GST impact on E-Commerce Operators

GST @ Seth & Associates

Jul 5, 2017
1 min

GST - Invoice and Voucher types

We are attaching various voucher and invoice types which would need to be issued under GST. We have also attached a brief writeup when each one would be applicable for easier understanding. Please note under GST each voucher / invoice type has only certain pre-requisites to be mentioned in each of them. The form is merely illustrative and it can be issued in any manner provided it contains all the defined ingredients. In case of any issue please feel free to revert. Writeup o

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Seth & Associates

Jun 7, 2017
2 min

GST - Availability and Restrictions in Input Tax Credit

The entire foundation of GST has been proposed to be seamless transfer of credit till the end consumer to ensure optimum pricing. However, under the current law of GST there are several direct inputs which have been mentioned in Sec 17 of CGST Act which would not be allowed to any assessee. In this write-up we wish to bring to your attention such input tax credits which will NOT be available to you once GST is enacted. Most likely taxes paid on all the other expenses apart fr

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Jun 1, 2017
6 min

GST - Foreseeable Issues

Till date we have been sending various articles and writeups about what the law states. However with this writeup we wish to inform you the possible pitfalls which you would need to take care of from 1st of July, 2017. 1 Avoidance of dual control A taxable person should be under one authority-either centre or state. Thus, principle of taxable persons having multi-state businesses, they may be assessed by state Government authorities in some States and by Central Government au

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May 31, 2017
3 min

GST Rates ready reckoner - 18th May council meeting

On the 18th of May, 2017, the GST council convened to fix and finalise the much awaited GST rates for 1211 goods across 98 categories. The very next day, the council re-convened to finalise the GST rates for 36 categories for services. To begin with, Hasmukh Adhia, Revenue Secretary, Ministry of Finance, Government of India has stated – that nearly 81% of the items will be classified at 18% GST rate slab and lower; while the remaining 19% will be taxed at 28% and above. Here’

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