Here is my small writ up on Impact of GST on E-Commerce Companies. Since, On Account of Open Definition of E-Commerce under GST, Non Applicability of Threshold Limit and Non Availability of Composition Scheme Many new companies would emerge (or Forced to Register) as E-Commerce Companies. There is mix Impact, Positive as Simplification of Tax, Negative as Increase in Number of Compliance. E-Commerce companies has to maintain record for all Sellers (Based on Merchant Id/GSTIN Number), Has to deduct TCS, If payment against supply received by E-Commerce Company on the behalf of supplier. Has to file monthly return for supplies made by seller on it's portal in the capacity of E-Commerce Company and Regular Returns for Supply made out of own (Purchased) Stock.
People says, GST will make life of E-Commerce Companies Simpler, AND I was thinking, who made it complex. Was it really so difficult to set rule (law) for E-Commerce Industry, Who created all Mess, Cascading effect of Taxes. Can't Govt grant special status to E-Com Companies?
दर्द जिसने (Govt) दिया दवा भी वो (Govt) दे रहा है,
और लोग कह रहे हैं, शुक्र है शुक्र है शुक्र है तेरा। :)
Thanks. [GstSutras11] #SukhF_GST

Nice blog post...very informative..Thanks for sharing.
ReplyDeleteWebsite creation in Chennai
Ecommerce companies in Chennai
Web development company
Web Development company in Chennai
Top 10 web development companies
Website designer in chennai
Best web design firms
Best website company
Ecommerce website design company