1% tax at source​ under GST likely for on line sellers,

The centre and states are likely to each impose a 0.5% tax collected  at source on sellers of products on e - commerce
website such as flipcart  and Amazon under the goods and services tax (GST) regime.

This proposal would be taken up at the two- meeting of the
GST Counsel starting Thursday
in Srinagar. The tax will be  collecting by the e-mail commerce marketplacing. They will deduct 1% while paying the sellers.

E-commerce players had either  opposed in the GST law to impose a 2% tax - 1% by the Centre and states each deducted it source. The new indirect tax regime is expected to be rolled out on July 1.

To be continued....

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