New Delhi: Food aggregators like Swiggy and Zomato will have to collect and file a tax at a rate of 5% from today, a gesture that will expand the tax base as food suppliers currently outside the threshold. GST will become responsible for the GST when provided by the GST. These platforms online.
Currently, the restaurants recorded under the GST collect and deposit the tax.
In addition, taxi aggregators such as OLA and Uber will need to collect 5% of the services and services (GST) for booking 2 and 3 wheeled vehicles as of January 1st. In addition, the shoes independently of the prices will attract 12% taxes today.
These are among the many changes in the GST regime that entered into force in this new year 2022.
Also to fight against the escape, the GST law has been amended to assert that the input tax credit will now be available only once the credit appears in GSTR 2B (return purchase) of the payer of taxes . Five% provisional credit, previously authorized in the GST rules, will not be allowed after January 1, 2022.
Ey India Tax Partner Bipin Sapra said: “This change will have an immediate impact on taxpayers’ turnover in search of a 105% credit credit. Change will also require the industry to validate that purchases are made from real and compliant suppliers. “
The other anti-escape measures that would come into effect for the new year include compulsory AADHAAR authentication to claim the GST rebate, the blockage of the GSTTR-1 deposit facility in cases where the company has not paid Taxes and deposited GSTR-3B in the immediate future the previous month.
Currently, the law restricts the deposit of the performance of external supplies or GSTR-1 in the event that a company fails to deposit GSTR-3B of the previous two months.
While companies deposit GSTR-1 a month given by the 11th day of the following month, GSTR-3B, whereby companies pay taxes, are deposited in a staggered manner between the 20th and 24th day of the following month.
In addition, the TPS Act has been amended to enable GST officers to visit spaces to recover tax rights without any prior notice from the show, in cases where taxes paid in GSTR-3B. are lower on the basis of the suppressed sales volume, compared to the details of the indicated supply. In GSTR-1.
Mr. Sapra stated that the amendment is likely to curb the vocational fault of the success of the contribution tax credit by the GSTTR-1 return without paying taxes in GSTR 3B, real differences in GSTR-1 and GSTR 3b as the postponement of unadjusted credit tickets are likely to cope with unnecessary examination.
The move is intended to curb the threat of false invoice in which sellers would show higher sales in GSTTR-1 to allow buyers to claim an input tax credit (ITC), but to report deleted sales in GSTR-3B to reduce the responsibility of the GST.
NEXDIGM Executive Director (Indirect Tax) Saket Patawari stated that e-commerce operators are now likely to pay the GST instead of restaurants and the government tax base could increase because of the GST, even for unregistered restaurants. Electronic operators can be invited to obtain recording in each state of restaurants, even if they have no presence and undertake all the completion of the regular GST, even if they have no infrastructure in the state. This can become a challenge for managing audits and surveys in all ESP states. For the start and new electronic electronic operators, “added Mr. Patawari.
Mr. Sapra added that this amendment will also expand the tax base as food suppliers currently outside the GST threshold will become responsible for the GST when they are provided via these online platforms. Thus, make purchases of these more expensive platforms.