What will be the impact of GST on e-commerce in India?
What will be the impact of GST on e-commerce in India? (Image: Pixabay) New Delhi : If there is one thing all of us are pretty close to right now, it is the e-commerce sector – wouldn’t you agree? Honestly, when your friend means he works with Amazon – without waiting for a second – you know that it is the E-commerce company and not the jungle. This is how famous it has gotten – and it is also one of the best-doing sectors today.
In the internet era – the eCommerce sector is one of the most moving sectors, with the most significant shifts happening on a daily basis. But, would you have ever thought about the impact GST would have on this sector? It is all mentioned here.
GST and the E-Commerce Sector
E-commerce, often known as electronic commerce (an online shopping portal), is the management of the purchasing and selling of products and services only through electronic means. E-commerce accounts for approximately 33% of the global market and is expected to rise in the near future.
According to the GST council’s 21st meeting, all taxpayers enrolled via TCS can begin their registration on September 18th, 2017.
An Electronic Commerce Operator (Operator) is defined in Section 43B(e) of the Model GST Law, being a person that directly or indirectly, owns, maintains, or manages an electronic platform that is involved in enabling the supply of any goods and services.
An Operator is also someone who provides information or other services that are incidental to or in connection with the delivery of products and services via an electronic platform. An individual supplying goods/services on their own account, on the other hand, would not be called an Operator.
Beginning from GST on mobile phones , televisions, chargers, and so much more – everything you buy […]
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