Before it amends Customs laws, the Central Board of Indirect Taxes and Customs (CBIC) is seeking public feedback on curbing duty and GST evasion allegedly by e-commerce companies located outside the country. The CBIC is looking for tech-enabled solutions to ensure duties are paid correctly and to make imports through express courier seamless, according to customs officials and others in the know of the matter The solution should help customers get deliveries faster and free up from red tape those courier services and overseas e-commerce firms that are willing to do business legally, an official said on the condition of anonymity. “We’re open to suggestions, including changing laws to introduce a flat rate of duty and GST for courier imports, but the system needs to be seamless,” said a senior Customs official.
Source: a2ztaxcorp.com
Latest Posts in "India"
- Supreme Court Upholds VAT Exemption on PepsiCo’s Quaker Oats
- Battery Storage Industry Seeks 5% GST on Containerised BESS
- India – GSTN puts e-Way Bill/e-Invoice API enhancements on hold
- Rajya Sabha: 5% GST Retained on Most Assistive Devices for Persons with Disabilities
- Government Strengthens IGST Settlement Framework with New Rules and SOP
