TaxTMI 
TaxTMI 
Complex GST process hitting ecommerce startups
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....omplex GST process hitting ecommerce startups <br>GST<br>Dated:- 18-11-2017<br><BR>New Delhi, Nov 18 (PTI) Online sales of auto components have been hit by complex GST model for ecommerce players, onl....
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....ine 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....
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.... 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 im....
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....pacted 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 h....
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....eavily 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 wa....
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....nt 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 ecom....
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....merce players has impacted them. The composition scheme under the GST allows a nominal tax of 2 per cent to be paid by SMEs.<BR> News - Press release - PIB....