Amazon India, Flipkart and their rivals could soon face tax complications with Karnataka proposing a 1 per cent levy on payments by buyers to sellers on ecommerce sites, a move that could encourage other states to follow suit. The planned levy, in the form of value-added tax deducted at source, was discussed at a closed-door meeting called by Karnataka's principal secretary, finance department, on Monday.
Source - http://economictimes.indiatimes.com
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