However, going through the finer print of CGST Bill, it seems that though the e-commerce industry will have clarity regarding taxability but at the same time it will be burdened with huge tax compliances.
In this video about “5 Major Impacts of GST on E-Commerce Industry”, I have tried to dissect the provisions from the CGST Bill, which are going to impact e-commerce industry significantly in comparison to it’s current status. For example, all the suppliers supplying any goods or services through an e-commerce platform would be required to register themselves under GST, irrespective of their turnover.
To know other impacts on e-commerce industry, please click here.
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