Afternoon D & C Dedicated To Mumbai
Home > Business & Investment > E-commerce definition too wide in GST dispensation: Assocham

E-commerce definition too wide in GST dispensation: Assocham

Monday, April 17, 2017

The government must clearly outline the scope of 'e-commerce' under the GST, as the current definition can include even commodity derivatives exchanges where there is no actual delivery of goods, an industry body has said.

The term 'e-commerce' may get misinterpreted in the Goods and Services Tax (GST) law, industry chamber Assocham said. "E-commerce definition, as given in the Goods and Services Tax (GST) dispensation, has been left so wide that it could go well beyond Amazon or Flipkart marketplace platforms and may even cover the commodity exchanges," it said.

The chamber has sought clarity from government to remove uncertainty among businesses as the law is set for a rollout either in July or September. "The scope of the term 'electronic commerce' is very wide and does not restrict itself to cover electronic marketplace service providers like Amazon, Flipkart.

COMMENTS
No Comments Posted
POST YOUR COMMENTS
Name:  
 
Email:    
Comments:
 
 
City news
A total of 234 roads were investigated and ...
Anti-Terrorism Squad’s Bolero car stolen from cop
The Maharashtra State Bank Employees’ Federation
We got married recently. I am 32 and my wife is 3
Dr. Rajan B. Bhonsle, M.D. (Bom)
Consulting Sex Therapist & Counsellor
Dr. (Mrs.) Minnu R. Bhonsle, Ph.D.
Consulting Psychotherapist & Counsellor
Astrology
Select Sun sign:
 
Aries (Mar 21 - Apr 20)
Aries (Mar 21 - Apr 20)This is the right time to ask for help if you need it. Adjustments are necessary almost at every level. You must adapt to some things that you cannot change. Do not be rigid and accept readily with grace. Use your money wisely, for there may be several demands. A long distance journey to a pilgrim spot or the need to meet a person you look up to is likely. The need to get an unbiased opinion about your affairs is strong.
- Advertising -
Read More