GST Council introduces 'Track and Trace' system to curb tax evasion

Quick Summary:

Bills for online services must clearly specify the state where the service is provided, the GST council recommended.

Another key decision was to mandate that bills for online services clearly specify the state where the service is provided, it added.

"The system shall be based on a Unique Identification Marking which shall be affixed on the said goods or the packages thereof.

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Article Details

Author / Journalist: Press Trust of India

Category: StartupsEconomyBusiness

Markets: India

Topics: Supply Service Rate Goods Council Recommended State Specified Online Commodities Services

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-22 @ 06:18:27 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 613 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 24579935

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Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

Update Frequency: 9 posts per day

Year Established: 2008

Headquarters: India

News Last Updated: 9 hours ago

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