Flipkart, Amazon, Snapdeal Argue Against GSTs Tax Collection at Source Provision

by B2B Desk 2017-02-09 10:16:07

At a press conference organised by FICCI on Thursday, the heads of Amazon, Flipkart, and Snapdeal all found common cause as they expressed their worries about the TCS (Tax Collection at Source) provision of the GST (Goods and Services Tax). Under this provision, online marketplaces are responsible for collecting - and paying - taxes on behalf of their sellers. This is something that all three companies, the major players in the e-commerce space in India, are against, as they argue it will hamper the growth of e-commerce.

Share

POPULAR POSTS

Flipkart sweetens buyout offer for Snapdeal with $950 million offer

by B2B Desk, 2017-07-18 10:17:35

Mahindra & Mahindra heads to US; manufacturing unit to start operations soon

by B2B Desk, 2017-07-17 09:09:02

BPCL Makes Its First US Oil Purchase, Buys Mars, Poseidon

by B2B Desk, 2017-07-17 09:08:49

Paytm buys majority stake in ticketing platform Insider.in

by B2B Desk, 2017-07-14 07:22:52

Two airlines may start ops under low-cost scheme by Sept end

by B2B Desk, 2017-07-13 09:12:28

Flipkart may make revised offer of $950 million for Snapdeal

by B2B Desk, 2017-07-13 09:12:42

Tata Steel to Sell Pipe Mills in UK to Liberty House Group

by B2B Desk, 2017-07-12 11:13:02

Follow on Insta

RECENTLY PUBLISHED

India on Track to Become World's 3rd-Largest Economy by 2027: Finance Minister Nirmala Sitharaman

by B2B Desk, 2024-10-22 09:40:26

Waaree Energies IPO Day 1: GMP, Price, Subscription Status, Review, and Other Details. Should You Apply?

by B2B Desk, 2024-10-21 10:16:55

Vodafone Idea to Launch 5G Services in Delhi and Mumbai by March 2025

by B2B Desk, 2024-10-17 06:54:17

Bulk deal alert: Morgan Stanley Asia buys 7.63 lakh shares in this multibagger railway stock

by B2B Desk, 2024-10-17 07:10:21

Vodafone Idea to Launch 5G Services in Delhi and Mumbai by March 2025

by B2B Desk, 2024-10-17 06:54:17

Mahindra Finance Collaborates with Salesforce to Boost MSME Lending

by B2B Desk, 2024-10-16 08:46:16

x