Wednesday, 10 May 2017

GST on E-Commerce Companies : An Overview

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


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