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GST may stifle innovation in e-commerce space: IAMAI

Industry body says the Bill's chapter on the sector has some definitional problems that can lead to unnecessary confusion

Moulishree Srivastava  |  Mumbai 

Good and Services Tax (GST) bill creates unnecessary confusion for e-commerce companies as it boxing them in poorly-defined categories, said Internet & Mobile Association of India (IAMAI), the industry lobby group which represents companies like Flipkart, Snapdeal and Amazon on Wednesday. "The GST Bill gives due recognition to the 'e-commerce' sector and helps resolve a long-standing challenge for the sector by clarifying that the first point of transaction will be the point of taxation," IAMAI said in a statement. "However, the chapter on e-commerce has some ...

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First Published: Wed, June 29 2016. 19:52 IST
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