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    KUSHAL’S FASHION JEWELLERY MARKS MILESTONE OF 100 STORES, AIMS TO REACH 150 BY THE END OF THIS FINANCIAL YEAR

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    “The relaunch is our way of expressing gratitude to our early patrons and reintroducing the space with renewed energy.”-Mr. Arup Chatterjee Regional Manger South spokesperson from Barbeque Nation Hospitality Ltd.

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  • Home
  • World

    Glion awarded prestigious Swiss Federal Accreditation

    Global childhood vaccination coverage holds steady, yet over 14 million infants remain unvaccinated – WHO, UNICEF

    New WHO guidelines for clinical management of arboviral diseases: dengue, chikungunya, Zika and yellow fever

    Air Canada Celebrates Canada Day with Limited-time Fare Discounts for Customers Flying from India

    Shah Rukh Khan to Grace the Grand Opening of City of Dreams Sri Lanka

    Sri Lanka Tourism boosts Indian MICE Engagement with Dynamic and Exclusive Networking Evening in TAJ Krishna, Hyderabad

  • National
    • All
    • Economy & Politics
    • Election

    SPREE scheme implemented for the welfare of workers

    KUSHAL’S FASHION JEWELLERY MARKS MILESTONE OF 100 STORES, AIMS TO REACH 150 BY THE END OF THIS FINANCIAL YEAR

    HAL receives first set of wing assemblies for LCA Mk1A from L&T

    NHRC, India takes suo motu cognizance of the reported gang rape of a woman in an empty compartment of a stationary train in Panipat city of Haryana

    “Virgin Boys” – A Bold Telugu Youth Drama Captures Hearts Across Theatres

    “Ishaara Samajh Le”: A Musical Call for Celebrations with Magic Moments & Kriti Sanon

  • Business

    Commercial Taxes department’s clarification regarding Digital and Gateway Payments

    Department of Posts and AMFI Sign Pathbreaking MoU for KYC Verification of Mutual Fund Investors

    LTIMindtree Delivers an All-Round USD Growth of 2% QoQ

  • Health

    Global childhood vaccination coverage holds steady, yet over 14 million infants remain unvaccinated – WHO, UNICEF

    “The relaunch is our way of expressing gratitude to our early patrons and reintroducing the space with renewed energy.”-Mr. Arup Chatterjee Regional Manger South spokesperson from Barbeque Nation Hospitality Ltd.

    Abbott Launches Digene Insta on the Go – Instant Relief from Acidity, Anytime, Anywhere

    Apollo AyurVAID Launches India’s First ‘Tested Safe’ Ayurveda Products

    Ichnos Glenmark Innovation (IGI) Announces Global Commercialization Strategy for ISB 2001 Following Licensing Deal with AbbVie

    New WHO guidelines for clinical management of arboviral diseases: dengue, chikungunya, Zika and yellow fever

  • Technology
    • All
    • Environment
    • Science

    HAL receives first set of wing assemblies for LCA Mk1A from L&T

    Emerson NI Days India 2025

    Industry leaders unveil innovative solutions for print, branding, signage and digital displays.

    “This University Is Not Just an Institution—It’s a Mini City of Engineers”: Union Minister Scindia

    SatSure and Dhruva Space Unite to Launch India’s First Full-Stack Earth Observation-as-a-Service Ecosystem

    “SEZs can be a bridge between Indian and global aerospace and defence industries via Startup India.”-Piyush Goyal ,Union Minister for Commerce and Industry 

  • Auto

    Lucid, Nuro, and Uber Partner on Next-Generation Autonomous Robotaxi Program

    Volvo Cars reports Q2 2025 results, turnaround plan is fully on track

    PPS Motors inaugurates new Mahindra Showroom at Kanakapura Road, Bengaluru

    THE ALL-NEW LEAF. THE THIRD-GENERATION ELECTRIC VEHICLE (EV) LAUNCHED

  • Sports

    ‘The corner defender is the pillar of the team:’ Yogesh Dahiya on his record-breaking Bulls move

    Breaking Barriers, Smashing Limits: Adani Sportsline’s Lakshmi Jadala Qualifies for Special Olympics 2027

    TAG HEUER ANNOUNCES PARTNERSHIP WITH NEW YORK ROAD RUNNERS AS OFFICIAL TIMEKEEPER OF THE TCS NEW YORK CITY MARATHON

    Star-studded Auction Pool Awaits as Maharaja Trophy KSCA T20 Returns

  • Entertainment

    “Virgin Boys” – A Bold Telugu Youth Drama Captures Hearts Across Theatres

    A New Era in Luxury Weddings – Vogue Wedding Atelier Debuts in India

    GenS Life and Dowith Lit Present ‘Senior Spotlight’: Bengaluru’s Open Mic Celebration for the 55+

    PMJ Jewels Launches PMJ SuperStar Bracelet and ‘Celebrating Daughters’ Campaign

    ‘Waves’ an OTT platform that offers clean family-friendly content: Sunil Bhatiya, Deputy Director General, Doordarshan Kendra, Panaji

    Sri Sai Gold Palace’s 7th store inaugurated in Malleshwaram,Bengaluru.

  • Lifestyle
    • All
    • Food
    • Travel

    KUSHAL’S FASHION JEWELLERY MARKS MILESTONE OF 100 STORES, AIMS TO REACH 150 BY THE END OF THIS FINANCIAL YEAR

    Lab-Grown Trend? SWA Diamonds Flies High Globally with 100% Natural Gems

    Bangalore gets its very first “Paradise Kebab fest”

    Radisson Blu MBD Hotel Noida Marks Their 80th Milestone with the Launch of Ashok Karya, A Movement of Purpose

    Protect Your Hair Like Your Skin Season’s Essentials for Every Hair Type

    “The relaunch is our way of expressing gratitude to our early patrons and reintroducing the space with renewed energy.”-Mr. Arup Chatterjee Regional Manger South spokesperson from Barbeque Nation Hospitality Ltd.

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Commercial Taxes department’s clarification regarding Digital and Gateway Payments

by FWM
July 18, 2025
in Business
0

Bengaluru, July 18 (Karnataka Information):
The Commercial Taxes department, has issued a clarification dated 11-07-2025 regarding the traders who have done business through the digital payment gateways. Subsequently, various reports have been published in various electronic and press media on this issue and it is learnt that this has caused confusion amongst the trade community.
In this background, the department provides the following supplementary information.
As per section 22 of the Goods and Services Tax Act, 2017, every person who carries on a business activity and receives payment by way of cash, UPI, POS Machine, Bank Payments or by any other means exceeding Rs. 40 Lakhs annually in case of a person dealing only in goods and exceeding Rs. 20 Lakhs annually in case of persons dealing in services have to obtain GST registration mandatorily. The aggregate turnover, in case of a person who has obtained GST registration under the regular scheme, would include the taxable and tax exempted goods and services. If the person has obtained registration under regular scheme, the tax is leviable only on the taxable goods and taxable services only. The registered person shall have to pay the net tax on the supplies made by him after adjusting the input tax credit on the goods and services procured. Hence, the amount of tax payable on the value addition will be very less.
In continuation, any person whose annual turnover is less than Rs. 1.5 Crores can opt for composition tax scheme after obtaining GST registration and can pay SGST at 0.5% and CGST at 0.5%. But, the composition tax scheme is not applicable on the turnover made without obtaining registration.
In view of the above, the traders are advised, not to get confused and to submit explanation with relevant documents after visiting the office from where they have received notice and the officers would verify them and suitably inform the relevant provisions of the GST and also their remedies and would levy tax at the applicable rates only on the taxable turnovers after excluding the tax exempted goods and services.
All the officers have been instructed to provide suitable guidance and co-operation and create awareness amongst the traders in this regard. Further, it has also been instructed to provide new registrations smoothly without causing any kind of inconvenience to the tax payers.
Presently, 98,915 tax payers have registered themselves and are paying taxes under the composition scheme. The process of issuing notices to the persons who have not obtained registration but have an annual turnover of more than Rs. 40 lakhs (in case of suppliers of goods) and Rs. 20 lakhs (in case of supplier of services). In future, it would not be difficult for the registered persons to pay tax at 1% under the composition scheme. The number of persons to whom notices or intimations are issued recently are less than 10% of the already registered taxpayers under composition scheme. So, majority of such dealers are already paying taxes as per law.
Further, it has come to the knowledge of the department that certain traders have stopped receiving payment through UPI and are receiving consideration in the form of Cash subsequent to the issue of notice. The GST is applicable on the consideration received for the supplies in any form and UPI is only a method of receiving such consideration. The department will take suitable action to collect the applicable tax under the GST Act from the traders who have received consideration in any form.

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FWM

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