GST Rule 138E, which took effect in November, doesn’t allow an entity that hasn’t filed returns for two straight months to generate an e-waybill. While the rule won’t impact direct deliveries to ecommerce customers, business-to-business (B2B) orders from overseas will likely get hit.
Target has been raised to Rs 1.15 lakh crore over the next two months and Rs 1.25 lakh crore in March.
Sangita Reddy, who is the joint managing director of Apollo Hospitals, also said that the government needed to focus on “clusters,” besides undertaking labour reforms, to boost manufacturing in the country. “To spur consumption, we need to put money into the system.
Banks, airlines, insurance companies, armed forces and telecom service providers are likely to be exempted from mandatory issuing of e-invoices under goods and services tax (GST), said people aware of the matter.
They said investor interest is being determined through the roadshows, which will be followed by detailed expressions of interest and formal proposals. On Friday, shares of Concor closed 0.28% higher on the BSE at Rs 563.10.
There is no question of public sector companies to be allowed to bid for Bharat Petroleum Corporation Ltd (BPCL),” a senior government official said. Such a move would be against the rules and go against the plan of privatising, the official added.
Demand for Rs 36,000 crore relief not considered, says convener of the GoM on Integrated GST. Telecom service providers have been urging the government to refund the input tax credit or adjust the amount against their statutory dues. They have sent several requests to the finance ministry. Adjustment of credit refund against the dues would've helped telcos.
The telecom industry had sought “strategic intervention to enhance financial viability” of the sector .
Don't impose GST on goods currently exempted from it: Amit Mitra to Sitharaman ahead of Council meet
“Exempted list of items had been arrived at after lengthy deliberations spread over a number of GST Council meetings between the union FM and state FMs,” Amit Mitra said adding that the basic principle behind exempting them was that these were consumed predominantly by poor and underprivileged. Mitra’s letter came ahead of the crucial Council meeting on Wednesday.
“In a plan with voice tariff hiked and data price being same, calling will shift to OTT,” International Data Corporation’s India research director Navkendar Singh said, adding that voice-over-OTT apps using WiFi for connectivity could also rise, as WiFi connectivity at home and public places expands.
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