The Goods and Services Tax (GST) council, which is set to meet on July 11, is likely to give clarity on whether tax collected at source (TCS) should be deducted by the buyer or the e-commerce platform, from whom the product has been purchased under the open network for digital commerce (ONDC) platform.
The GST council, which is headed by Finance Minister Nirmala Sitharaman, is expected to discuss the ONDC in the meeting.
Under ONDC, a buyer places an order with an e-commerce platform, which itself procures that consignment from another e-commerce platform.
This has led to confusion among authorities as to which of these entities should be taxed, due to multiple agencies involved.
It is on this vexed issue that the GST council is likely to take a call in its July 11 meeting.
Also the council is likely to take up the issue of excess input tax credit (ITC), which is claimed by business entities.
The council is likely to draft a new rule under which entities are likely to be quizzed about the excess ITC claimed by them. They may even be asked to deposit the excess amount with the government, sources said.
SC to hear on Monday suo moto RG Kar doctor rape-murder case
The Supreme Court is slated to hear on Monday the matter where it has taken suo moto cognisance of the rape and murder of a junior doctor at the state-run R.G. Kar Medical College and Hospital in Kolkata.
India to co-chair key international counter-terrorism meet for first time
India is set to play a pivotal role in an upcoming international counter-terrorism meeting, marking a significant milestone in its efforts to combat terrorism globally.
No mercy for drug cartels: HM Shah on busting of international racket in northeast
An international drug racket was busted by the Narcotics Control Bureau in Guwahati and Imphal, said Union Home Minister Amit Shah on Sunday, saying that there was no mercy for drug cartels.
AR Rahman discharged from Chennai hospital, suffered dehydration symptoms
Renowned music director and double Oscar award winner A.R. Rahman, who was admitted to a private hospital in Chennai on Sunday morning, was discharged after brief hospitalisation.
New Zealand PM, accompanied by Indian diaspora members, to arrive in Delhi today
New Zealand Prime Minister Christopher Luxon is set to arrive in Delhi on Sunday for an official visit to India at the invitation of Prime Minister Narendra Modi.
Telangana tunnel tragedy: Search for missing persons enters 23rd day
The operation to trace the remaining seven persons trapped under debris in the Srisailam Left Bank Canal (SLBC) tunnel in Telangana's Nagakurnool district entered the 23rd day on Sunday.
Official accommodation for ministers in Chandigarh being used for AAP activities, claims Cong MLA
Congress legislator and ex-AAP leader Sukhpal Singh Khaira on Sunday urged the Election Commission of India (ECI) and the Central government to take cognizance of gross misuse of official accommodation in Chandigarh meant for ministers of the Punjab government being used as Aam Aadmi Party office for political activities.
Two hawala operators held in Punjab, Rs 17,60,000 cash linked to drug trafficking seized
In a major crackdown on drug networks, Amritsar Rural Police apprehended two hawala operators -- Sukhjit Singh and Ranbir Singh, who were facilitating illegal financial transactions linked to drug trafficking with seizure of Rs 17,60,000 cash and $4,000, Punjab Director General of Police Gaurav Yadav said on Sunday.