Traders to gain in GST relief for E-Commerce sellers, Transport

Current Context: Goods and Services Tax Council has lowered the GST to 5% from 18 % on ropeways, renting of goods carriage, including fuel cost, and even exempted the foreign component of the tour package from GST and also given relief to the transport sector and small online sellers by waiving mandatory registration norms for small businesses.

Changes in the law will come into force on January 1, 2023. The move will benefit approximately 120,000 small traders.
Apart from that it also allowed composition dealers to undertake intra-state supplies via e-commerce operators.
Composition dealers are those with a turnover of up to Rs 1.5 crore. They are required to pay GST at flat rates with an input tax credit.
They have also given an exemption from registration for supply of goods and/or services up to Rs 40 lakh or Rs 20 lakh, who operate offline.
In fact, to reduce the burden on taxpayers, the council has waived requirements for filing refund claims by condoning the two-year period between March 1, 2020, and February 28, 2022.