Just a moment...

Report
FeedbackReport
×

By creating an account you can:

Logo TaxTMI
>
Feedback/Report an Error
Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
Make Most of Text Search
  1. Put words in double quotes for exact word search, eg: "income tax"
  2. Avoid noise words such as : 'and, of, the, a'
  3. Sort by Relevance to get the most relevant document.
  4. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
  5. Text Search
  6. The system will try to fetch results that contains ALL your words.
  7. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
  8. Text Search
Add to...
You have not created any category. Kindly create one to bookmark this item!
Create New Category
Hide
Title :
Description :
❮❮ Hide
Expand ❯❯
Close ✕
🔎 News - Adv. Search
TEXT SEARCH:

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In:
Main Text + AI Text
  • Main Text
  • Main Text + AI Text
  • AI Text
Category: ?
Categorized by AI
---- All Categories ----
  • ---- All Categories ----
  • Income Tax
  • GST
  • Customs, DGFT & SEZ
  • FEMA & RBI
  • Corp. Laws, SEBI & IBC
  • PMLA, Black Money & ED
  • Budget
  • News and Press Release
  • PTI News
Month:
---- All Months ----
  • ---- All Months ----
  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
Year:
---- All Years ----
  • ---- All Years ----
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
    Gold declines Rs 500 to Rs 98,020/10 g; silver plunges Rs 1,000
    Love Them Like Family, Feed Them Like Cats and Dogs
    Rate difference in grain-based and sugarcane-based ethanol production affecting sector: Official
    Aaiji Group gets RERA nod for residential project in Dholera Special Investment Region
    IIM-Calcutta partners with UAE-India CEPA Council to help ventures scale up ops
    Successful Completion of First CRS with HIPEC on a 60-year-old Woman with Advanced Peritoneal Carcinomatosis
    Napino Tech Ventures and Teksun Launch Rapidise with $4M Seed Funding to Accelerate AIoT Product Innovation and Electronics Manufacturing
    Sensex, Nifty tumble for 3rd day, dragged by Kotak Bank, US trade deal uncertainty
    Google officials depose before ED in online betting linked PMLA case
    Merck Foundation Together with African and Asian First Ladies Mark ‘World Assisted Reproductive Technology Day’ 2025 Through Their ‘More Than a Mother...
    Interventional Robot's RCT Research Published in JNIS, a Leading Journal in Neurointervention!
    CARD91 Launches AI-Powered Merchant Verification and Classification Suite to Simplify and Secure Onboarding
    Industrial output growth slows to 10-month low of 1.5 pc in June
    Tyaani Jewellery by Karan Johar Gives Back to Customers with Record Gold Savings
    RBI issues draft Master Direction – Business Authorization for Co-operative Banks (Directions), 2025
    TCS layoffs: IT Ministry keeping close watch on situation
    Rupee pares initial gains, settles 15 paise lower at 86.67/USD
    Sensex, Nifty tumble for 3rd day, dragged by Kotak Bank, trade deal uncertainty
    Focus on agri, retail loans drives J&K Bank's profit growth, says MD Amitava Chatterjee
    Wipro Infrastructure Engg sets up new biz division; to invest Rs 500 cr in mfg facility

Are you sure you want to delete "My most important" ?

NOTE:

Back

All News

Showing Results for : Category : All
Reset Filters
Showing
Records
ExpandCollapse
    Back

    All News

    Showing Results for : Category : AllReset Filters
    Case ID :

    Complex GST process hitting ecommerce startups

    November 18, 2017

    📋
    Contents
    Summary
    Note

    Note

    Note

    Bookmark

    print

    Print

    New Delhi, Nov 18 (PTI) Online sales of auto components have been hit by complex GST model for ecommerce players, online marketplace boodmo said.

    Exclusion of e-commerce businesses from the composite scheme, a higher tax rate of 28 per cent for auto components and for logistics of spare parts as well, and a complex GST model has impacted adversely ecommerce startups, the co- founder of boodmo, Oleksandr Danylenko, said in a statement.

    "Our new venture, which was emerging as a sunrise business, is badly impacted due to GST s complex and cumbersome model, especially for e-commerce businesses. The 16-point invoice is not as per the marketplace requirement and, this way, businesses like boodmo, which is heavily dependent on suppliers, can neither buy nor sell its products," Danylenko said.

    "The major problem is that our suppliers are not ready to send products directly to customers; they want to sell through us to cut through the complexity of the GST," Danylenko added.

    Most of the sellers registered on its marketplace are SMEs and non-availability of the composite scheme for ecommerce players has impacted them.

    The composition scheme under the GST allows a nominal tax of 2 per cent to be paid by SMEs.

    Topics

    ActsIncome Tax