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Neha Kumari
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Neha Kumari   My Press Releases

The Impact of GST on Digital India

Published on 8/3/2017
For additional information  Click Here

While the influence and effectiveness of GST on economy of India will still take some time to be reviewed under the light of facts, it would be interesting to know the immediate effects of GST on fast growing business sectors of India. One such sector is Digital Services. In our previous article we gave an overview of the effect of GST on ecommerce business of India. Let us be more specific and see how will it affect the SME (Small and Medium Enterprises) selling their products on online marketplaces.

goods and service tax impact

The Healthy Growth of e-commerce

In a study conducted by Internet and Mobile Association of India it was estimated that the e-commerce of India has crossed the milestone figure of 200,000 crores and reached a whopping 211.005crores in December 2016. If the claims in the reports are something to go by the total revenue generated by eh online retail industry of India will touch $100 billion by 2020.

Before going further, let us have some introductory points associated with online marketplaces in India:

 

  • A surge in online marketplaces is proved by the legendary success of yesteryears start-ups like Flipkart, and Snapdeal as well as the entry of global leaders like Amazon.
  • These marketplaces generally charge the sellers either a commission on the products sold or a subscription fee.
  • Online marketplaces offer the sellers a fully managed digital store to display and sell their products.
  • Customers enjoy the triple benefit of competitive pricing, easy comparison ecosystem and ordering the product with a few clicks.
  • Some of the marketplaces offer the facility of managed fulfillment centers the ship the products to the end clients while many of them require the merchants to ship the items directly to the clients.

 

In order to further enhance the E-commerce business model in eh country the government also allows the FDI.

Read More@ http://www.updatedreviews.in/blog/item/103-the-impact-of-gst-goods-and-services-tax-in-india

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