Gst Model Law

The model Goods and Services Tax (GST) law, finalised by the GST Council, provides for 1 per cent TCS to be deducted by the e-commerce operators.

The founders and top officials of India's e-commerce companies like Amazon, Flipkart and Snapdeal have come together to seek changes in the draft model GST law.

The founders and top officials of India's e-commerce companies like Amazon, Flipkart and Snapdeal have come together to seek changes in the draft model GST law. These companies are worried about rules related to TCS, or tax collection at source, a provision in the Goods and Services Tax.

The GST Council has fixed the four-tier structure of 5 per cent, 12 per cent, 18 per cent and 28 per cent.

With as many as 20 chapters of the model GST law cleared in its last meeting earlier this month, the Council will tomorrow discuss the remaining 7 chapters.

E-commerce operators like Flipkart and Snapdeal will have to deduct TCS (tax collected at source) while making payments to their suppliers, according to the new model GST law, which has done away with the definition of 'aggregator'.

With several states suggesting changes in the model GST law and compensation formula, the GST Council meeting scheduled for November 25 has been postponed to December 2-3.

With several states suggesting changes in the model GST and compensation laws, the GST Council meeting scheduled for November 25 has been postponed to December 2-3.

The Centre will share the draft model GST law with the states today as it prepares for the rollout of Goods and Services Tax (GST) from April 1 next year, CBEC Chairman Najib Shah said on Monday.

Government has formally notified the GST Council, which will decide on the tax rate, exempted goods and the threshold under the new taxation regime.

Targeting to roll out the ambitious GST on April 1 next year, Prime Minister Narendra Modi has directed that all steps required in this direction should be completed before that date.

Free samples and gifts offered with purchases as well as popular 'buy-one-get-one-free' deals may attract the proposed Goods and Services Tax (GST) levy which government plans to roll out from April next year.

Clears the air on applicability of GST in e-commerce, the model law said the tax - in lieu of local levies - will be imposed at the first point of financial transaction.

With the Centre releasing the model GST (Goods and Services Tax) law after evolving broader consensus with states, India Inc on Tuesday hoped that the landmark indirect tax regime will come into effect from April next year.

All purchases made online will attract a uniform Goods and Services Tax, likely to take effect from April next year, according to the model GST law approved by state finance ministers on Tuesday.

The model Goods and Services Tax (GST) law, finalised by the GST Council, provides for 1 per cent TCS to be deducted by the e-commerce operators.

The founders and top officials of India's e-commerce companies like Amazon, Flipkart and Snapdeal have come together to seek changes in the draft model GST law.

The founders and top officials of India's e-commerce companies like Amazon, Flipkart and Snapdeal have come together to seek changes in the draft model GST law. These companies are worried about rules related to TCS, or tax collection at source, a provision in the Goods and Services Tax.

The GST Council has fixed the four-tier structure of 5 per cent, 12 per cent, 18 per cent and 28 per cent.

With as many as 20 chapters of the model GST law cleared in its last meeting earlier this month, the Council will tomorrow discuss the remaining 7 chapters.

E-commerce operators like Flipkart and Snapdeal will have to deduct TCS (tax collected at source) while making payments to their suppliers, according to the new model GST law, which has done away with the definition of 'aggregator'.

With several states suggesting changes in the model GST law and compensation formula, the GST Council meeting scheduled for November 25 has been postponed to December 2-3.

With several states suggesting changes in the model GST and compensation laws, the GST Council meeting scheduled for November 25 has been postponed to December 2-3.

The Centre will share the draft model GST law with the states today as it prepares for the rollout of Goods and Services Tax (GST) from April 1 next year, CBEC Chairman Najib Shah said on Monday.

Government has formally notified the GST Council, which will decide on the tax rate, exempted goods and the threshold under the new taxation regime.

Targeting to roll out the ambitious GST on April 1 next year, Prime Minister Narendra Modi has directed that all steps required in this direction should be completed before that date.

Free samples and gifts offered with purchases as well as popular 'buy-one-get-one-free' deals may attract the proposed Goods and Services Tax (GST) levy which government plans to roll out from April next year.

Clears the air on applicability of GST in e-commerce, the model law said the tax - in lieu of local levies - will be imposed at the first point of financial transaction.

With the Centre releasing the model GST (Goods and Services Tax) law after evolving broader consensus with states, India Inc on Tuesday hoped that the landmark indirect tax regime will come into effect from April next year.

All purchases made online will attract a uniform Goods and Services Tax, likely to take effect from April next year, according to the model GST law approved by state finance ministers on Tuesday.