CCHTaxOnline - Leading Information Provider In The Areas Of Tax, Accounting and Law

Technology might have taken over the world by a storm, but it’s a year-old GST that’s taking people for a ride in India. E-commerce sector comprises of the e-commerce marketplaces and the online sellers. Various Electronic Commerce Operation (ECO) players such as Amazon, Paytm and Ola among others, who have established solid ground in online operations through the internet are now making GST registration mandatory for their merchants. While the previous Indirect tax regime of India was more complex and ambiguous about this sector, the new tax base under Goods and Service Tax Act not only explicitly recognizes the ECOs but has also rolled out specific provisions that have impacted the online merchants. Whether the impact of GST is a boon or bane, is still under deliberation. A few operational and administrative impacts of GST on e-commerce are: I.    One of the striking impacts of GST on ECOs is the denial of statutory exemption limit of INR 20 lakhs, which means they ...

Information Technology (IT) services constitute a central division in almost all multinational companies in their objective to do business and generate revenues. Among the most recent tools of IT employed by businesses for their operations is ‘cloud computing’. Broadly speaking, a cloud computing service provides omnipresent and easy, on-demand network access to a consortium of configurable computing resources including networks, servers, storage, applications and services, which can be provisioned in a short time and released with minimum effort from the management and service provider. This effectively means that Cloud works on demand, is available anywhere, at any time, provided there is internet connection and is scalable, which means that the user can scale the amount of Cloud Computing services or goods required as and when required or for example when their business grows and requires more resources for more users. Multinational businesses are switching to t...