E-Commerce startups are slayed by tangled GST Process

Online sales of auto components have been slayed by complex Goods and Services Tax (GST) model for e-commerce startups.

Exclusion of e-commerce businesses from the composite scheme, a higher tax rate of 28% for auto components and for logistics of spare parts as well, and a complex GST model has impacted adversely e-commerce startups

Most of the sellers registered in the marketplace are (Small and Medium-sized Enterprises) SMEs and non-availability of the composite scheme for eCommerce players have impacted them.

Source: Economic Times

Leave a Reply

Your email address will not be published. Required fields are marked *