GST on E-com sector unites all to ask for help from FICCI

The Goods and Services Tax (GST) regime has been a hot topic since its introduction in India. It has been a long-standing issue for businesses in the e-commerce sector, who have been struggling with the complexities of the tax system. Recently, the e-commerce industry united and appealed to the Federation of Indian Chambers of Commerce and Industry (FICCI) for help.

The issue of GST compliance has been a major hurdle for businesses in the e-commerce sector. With the introduction of GST, the tax system became more complex and difficult to navigate. Small and medium businesses, in particular, have been struggling to comply with the new tax system.

The e-commerce industry, which includes online marketplaces, vendors, and sellers, has been hit hard by the complexities of the GST system. The industry has been asking for help from the government and other regulatory bodies for some time now. However, the latest appeal by the e-commerce industry to FICCI has highlighted the urgency of the situation.

The e-commerce industry has requested that FICCI raise the issue of GST compliance with the government and other regulatory bodies. The industry is seeking a solution that will simplify the tax system and make compliance easier for small and medium businesses. The appeal has been supported by a number of industry bodies, including the Internet and Mobile Association of India (IAMAI) and the All India Online Vendors Association (AIOVA).

The e-commerce industry has highlighted that the current GST system is not suitable for their business model. The industry is unique in that it has a large number of sellers and vendors who operate on a small scale. The current GST system requires businesses to file multiple returns, which can be time-consuming and complex. Furthermore, the e-commerce industry is subject to additional compliance requirements, such as tax collection at source (TCS) and tax deducted at source (TDS).

The e-commerce industry is seeking a solution that will simplify the GST system and reduce the compliance burden. The industry is also asking for a single registration process, which would make it easier for businesses to comply with the tax system. The e-commerce industry is also seeking clarification on certain aspects of the GST system, such as the treatment of discounts and the applicability of tax on inter-state sales.

The e-commerce industry has warned that the current GST system is hurting small and medium businesses. The industry has stated that compliance costs are high, and the system is too complex for small businesses to navigate. The e-commerce industry has also warned that the current GST system could lead to the closure of many small businesses, which would have a negative impact on the economy.

In conclusion, the e-commerce industry has united and appealed to FICCI for help with the complexities of the GST system. The industry is seeking a solution that will simplify the tax system and reduce the compliance burden. The e-commerce industry is also asking for a single registration process and clarification on certain aspects of the GST system. The industry has warned that the current GST system is hurting small and medium businesses and could lead to the closure of many small businesses.