Now, registering for GST must for taxi aggregators, e-commerce companies

The government has released a 268-page document detailing taxation rules and procedures for various sectors including ecommerce players and taxi aggregators under GST.

The Central Board of Excise and Customs has covered registration, valuation and payment, scope and time of supply, refunds, seizure and arrest and other issues.

Taxi aggregators such as Ola and Uber will have to register under GST regime and there will be no threshold exemption for them. Also, e-commerce players such as Flipkart and Amazon will also need to register under GST regime irrespective of value of supply made by them.

The industry has been demanding centralised registration and not with every state where a company has business.

"A person providing information or any other services incidental to or in connection with such supply of goods and services through electronic platform would be considered as an operator. A person supplying goods/services on his own account, however, would not be considered as an operator," said the FAQs.

Moreover, if tax evaded is over Rs 2.5 crore, penalty could extend up to five years of jail with a fine, three years if tax evaded is Rs 50 lakh-Rs 2.5 crore and one year if it is between Rs 25-50 lakh. Evasion of tax exceeding Rs 2.5 crore would be considered cognisable and non-bailable.