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News GST

  • Jun 30, 2016
  • GST may stifle innovation in e-commerce space: IAMAI

    Good and Services Tax (GST) bill creates unnecessary confusion for e-commerce companies as it boxing them in poorly-defined categories, said Internet & Mobile Association of India (IAMAI), the industry lobby group which represents companies like Flipkart, Snapdeal and Amazon on Wednesday."The GST Bill gives due recognition to the 'e-commerce' sector and helps resolve a long-standing challenge for the sector by clarifying that the first point of transaction will be the point of taxation," IAMAI said in a statement.

    Source - http://www.business-standard.com