Budget 2021: S’pore to impose GST on low-value goods bought online imported by air or post

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16 February 2021 – SINGAPORE – Low-value goods bought online and imported by air or post will be subject to the goods and services tax (GST) from Jan 1, 2023. GST will also be extended to imported non-digital services for consumers, such as those involving live interactions with overseas providers of fitness training, counselling and tele-medicine. This…

Govt may announce steps in Budget to promote e-commerce exports, imports

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26 January 2021 – Finance minister Nirmala Sitharaman will unveil the Budget for 2021-22 on February 1. The government is expected to announce measures such as extending the facility of bulk clearance for e-commerce imports and exports with a view to promoting the growth of this fast-growing segment, sources said. They said that as there…