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Register GST for E-commerce Operators: Step-by-Step

Did you know India’s e-commerce market is expected to reach US$99 billion by 2024? This makes India the second-largest e-commerce market, just behind the US. As the digital market grows, so does the need for tax compliance. The  GST registration process  for e-commerce operators is now essential for legal and smooth business operations. The Central Board of Excise & Customs (CBEC) has set up special rules for e-commerce GST registration. This is because the sector is growing fast and has complex tax issues. If you sell online or plan to start an e-commerce business, knowing these rules is crucial for your success. Now,  e-commerce business tax  compliance is a must. Section 24 of the Central Goods and Services Tax Act, 2017 requires all e-commerce operators to register for GST. This includes collecting a 1% tax on each transaction, except for exempted goods and services. As an e-commerce operator, you must collect Tax Collected at Source (TCS) at a maximum rate of 1% on the ne...
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Key Feature of Budget F.Y. 2023-2024

The Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman presented the Union Budget 2023-24 in Parliament today. The key Feature of the Budget are as follows:

Highlights of Budget

The union Budget for 2023-24 kept its focus on expanding Capex.  It also showing that the Government’s priorities are building highways, railway lines and roads. Key feature of budget include relief to the middle class in terms of tweaks in the new income tax regime. It clearly pointing out that the Government wants a shift towards the new tax regime from the older tax regime.

The Government has increased the rebate limit from Rs 5 lakh to 7 lakh. There is a corresponding easing of the income tax slabs. The new tax regime is the default. Finance Minster has proposed an increase in capex by 33 per cent to Rs 10 lakh crore.

Incentives also provided to States to spend more on infrastructure. Rs 2.40 lakh crore has been allocated for Indian Railways, which is the highest it has ever been. The Finance Minister stuck to the fiscal deficit roadmap in the Budget with a target of 5.9% in FY 24 and adhering to the target for the current.

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