FAQ on GST released, ecommerce companies to register

CBEC came out with an extensive FAQs detailing taxability of e-commerce players and taxi aggregators under the new set-up.

The 268-page frequently asked questions (FAQ) booklet, released by Finance Minister Arun Jaitley, answered over 500 questions on 24 topics, including registration, valuation and payment, scope and time of supply, refunds, seizure and arrest.

It has also clarified that taxi aggregators, including Ola, will have to register under GST and also, there will be no threshold exemption for them.

Read Complete FAQ on GST here

Similarly, e-commerce players such as Flipkart and Amazon will have to seek registration under the Goods and Services Tax (GST) regime irrespective of the value of supply made by them.

It also clarified that companies, including Titan, which supply watches and jewels through their own websites will not be considered as e-commerce operators.