- GST – Impact – E Commerce –Impact of GST – Advantages – Disadvantages
Abstract
The success of the e-commerce sector is largely dependent on the increasing number of retail entrepreneurs, who fall in the unorganized retail sector category. The government has included such players in the ambit of GST with an intention of broadening the tax base and has introduced specific provisions for the e-commerce companies. This is one of the major taxation reforms in Indian taxation system.GST is to set to integrate all state economies and increase the overall growth of the country.GST will create unified market and boost the Indian economy. The Goods and Service Tax (GST) is a value added tax to be implemented in India.. There are 3 kinds of taxes under GST: 1) SGST 2) CGST 3) IGST. The GST tax rates are divided into 5 categories which are 0%, 5%, 12%, 18%, 20%. Implementation of GST is one of the best decision taken by the Indian Government. The success of the e-commerce sector is largely dependent on the increasing number of retail entrepreneurs, who fall in the unorganized retail sector category. The government has introduced such players in the ambit of GST with the intension of broadening the tax base and has introduced specific provisions for the e-commerce companies. This paper focuses on the concept of GST and their impact on E-Commerce