BENGALURU: A fortnight into the goods and services tax ( GST ) regime, sellers and online marketplaces continue to assess the impact of the new tax. This has seen sellers negotiating with brands and vendors they work with to ensure better margins. From a marketplace's view, we will get the input tax credit on GST and hence they will not change the margins," said Sumanth Lingala, owner of Green Mobiles which retails consumer electronics online. He adds that there is also the catch of showing that input tax credit has been used to offer consumer benefits, a requirement under GST. Hence the products cannot be priced higher than before.A spokesperson for Amazon India said the number of sellers has not changed since GST implementation.

Source: Economic Times July 17, 2017 02:26 UTC