What changes under the new GST rules for e-commerce deliveries, and why Nasscom wants more time
New rules reduce the GST rate on e-commerce delivery services from 18% to 5%, but this lower rate removes the ability to claim input tax credit (ITC). Nasscom has requested a deferral from the Ministry of Finance, citing the short timeframe for companies to update their billing and accounting systems.
Key points
- GST on delivery services dropped from 18% to 5%.
- The new lower rate does not allow for input tax credit (ITC).
- Nasscom has requested a deferral until January 1, 2027.
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