Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: VAT Audit :: cpt :: TAX RATES - GOODS TAXABLE @ 4% :: TDS :: empanelment :: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT :: due date for vat payment :: VAT RATES :: ACCOUNTING STANDARD :: ACCOUNTING STANDARDS :: articles on VAT and GST in India :: Central Excise rule to resale the machines to a new company :: list of goods taxed at 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes
 
 
« Indirect Tax »
 Income-tax (16th Amendment) Rules, 2017
 TDS, TCS deferred for smooth GST rollout
 GST may lead to better operating profit margin for multiplex operators
 Indirect taxes must equal direct taxes
  Income Tax dept issues notices to ‘farmers’ claiming suspect agricultural income
 GST would match or be lower than the multiple indirect taxes on real estate
 Tax incidence under GST lower than current indirect taxes
 Here's the complete list of pre-GST discounts being offered by companies
 Applicability of Explanation 2 to Section 132B of the I.T. Act, 1961- reg.
 Here’s all you need to know about TDS and why it is deducted
 New indirect tax regime

Gujarat govt studying tax structure of e-commerce cos for loopholes
December, 02nd 2014

The Gujarat government is studying tax structure as well as the business model of e-commerce portals to find out possible loopholes which might be giving them an edge over retailers in terms of pricing of products.

“At present, we are studying the taxation structure applicable to such e-commerce portals in Gujarat, especially when they are selling articles at such a low price.
“We have to find out if there exist any loopholes in the tax structure which is benefiting them,” state Finance Minister Saurabh Patel said here.

To a query whether the state government is planning to impose a separate tax on such firms doing business in Gujarat, Patel did not rule out the possibility.

The minister echoed concerns of local traders, who are wary about their existence after a range of e-commerce portals have started selling goods at ‘predatory prices’.
“It is our duty to protect the retailers of Gujarat. There must be a level playing field. We need to find out if there exists a difference in taxes paid by traders against taxes paid by portal owners. We are also studying which are the taxes these portals actually pay,” he said.

As of now, a study about the tax structure applicable to such portals is being conducted. Decision on whether to impose additional tax or revise the tax structure for portals will be taken later, Patel added.

A month ago, Commerce and Industry Minister Nirmala Sitharaman had acknowledged that the government has received many complaints from traders regarding Flipkart’s massive discount sale that raked in Rs 600 crore in a single day.

Patel assured to look into complaints of ‘predatory prices’ on goods sold by Flipkart after traders alleged that the e-commerce giant resorted to unfair trade practices.
Local traders are up in arms against e-commerce portals for eating into their business due to attraction among consumers to purchase online as they offer huge discounts.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Sitemap

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions