India

Along with eating in the New Year, know these new rules for shopping for these things…

New Delhi | New Year GST Rule: People across the country are now in the habit of ordering food online. There are many families who want to enjoy eating and drinking with the family at home instead of going anywhere in the new year. In such a situation, it is important for you to be aware that ordering food online from today may cost you dearly. Companies like Swiggy and Zomato, which make online delivery of food items, will now have to collect five percent tax from customers and deposit it with the government. Food vendors that are currently out of the purview of the Goods and Services Tax (GST) will have to pay GST if they supply to customers through online orders. Before this, restaurants registered under GST collect tax from customers and deposit it with the government.

New Year GST Rule

Changes happened here too

New Year GST Rule: From January 1, app-based cab service companies such as Uber and Ola will also have to collect 5% GST on bookings of two-wheelers and three-wheelers. At the same time, 12 percent GST will be levied on all footwear from today itself. That is, a GST rate of 12 percent will be applicable on all footwear. Let us tell you that all these rules have become effective from the first date of 2022.

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Amendments in GST laws also

New Year GST Rule: Apart from this, the GST laws have also been amended to prevent tax evasion. Under this, Input Tax Credit (ITC) will now be available only once. It will be given after the ‘credit’ is entered in the GSTR 2B (Purchase Return) of the taxpayer. Earlier, a ‘temporary’ credit of five per cent was given under the GST rules. This will not be allowed from January 1, 2022. Aadhaar verification has also been made mandatory for GST refunds as part of measures to prevent tax evasion from the new year.

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