Amazon, Flipkart get breather as govt puts tax collected at source on hold

More time also given to small firms selling on e-commerce marketplace to register with GST Network

The government has given relief to e-commerce majors such as Amazon, Flipkart and Snapdeal, putting on hold a provision to deduct a one per cent tax collected at source (TCS).

It also gave more time to small entities selling on an e-commerce marketplace to register with the Goods and Services Tax (GST) Network.

E-commerce entities welcomed the decision, saying it would ease the cash flow position of vendors but added that they wanted abolition of the one per cent TCS.

"The provisions of tax deducted at source and tax collected at source will be brought into force from a date which will be