The combined losses of e-commerce companies were around R7,884 crore in 2014-15. GST will also boost manufacturing, especially for small and medium enterprises (SMEs). “E-Commerce companies will not have to struggle with the complex regulatory structure. “If the government takes into consideration the double taxation, the e-commerce business can gain from the uniform tax structure as it gives us better visibility,” said the executive quoted above. Under GST, service tax will be levied both by the Centre as well as states.

Source: Hindustan Times August 03, 2016 11:26 UTC