India covid-19 experts testing India

GST poses a hurdle for small firms venturing into e-commerce

Reading now: 172
www.livemint.com

₹40 lakh a year. Also, offline firms with sales of up to ₹1.5 crore can sign up for a simple tax regime of paying a small flat tax rate on their sales without getting into the complexities of tax credits and are required to file returns only quarterly.

This facility is not available to anyone selling online no matter how little their sales.Online is one of the channels of sale and as long as one complies with all the rules and regulations, it should not matter how a sale is executed, Batra said. “It would be good to have a facilitating ecosystem for online sales as customers will have better choices and sellers will have better market access," said Batra, who has a GST composition scheme registration.The perception of e-commerce as shopping.

Read more on livemint.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA