Page 2 - E-commerce Transactions
TDS on e-commerce deals to hurt SMEs' working capital: Amazon's Agarwal
Agarwal was talking about the Budget proposal to introduce a new section in the Income Tax Act
 "TDS on e-commerce deals to hurt SMEs' working capital: Amazon's Agarwal")
Don't kill e-commerce
Regulating new economy requires new thinking
 "Don't kill e-commerce")
Now, shop from Flipkart with SBI EMIs
Personal loan interest (14%) will apply for the purchase
 "Now, shop from Flipkart with SBI EMIs")
Gujarat passes Bill to impose tax on e-commerce transactions
With an aim to provide a level playing field for traders and retailers in the state, Gujarat government today passed a bill to levy entry tax on goods purchased through e-commerce portals. The Gujarat Tax on Entry of Specified Goods into Local Areas (Amendment) Bill, 2016, was passed in the state assembly in the absence of Congress MLAs, who were yesterday suspended for two days by the Speaker. The bill amended the present Act of 2001 that did not cover e-commerce transactions, which according to the government, was adversely affecting the local traders as the goods coming in the state through such means was sold at a much cheaper rate due to non-payment of any tax. "Due to the recent development in the field of online purchase, web-based software applications or through tele-shopping platforms, which does not attract any tax under the present Act, local businesses were adversely affected," state Finance Minister Saurabh Patel said while presenting the bill. As per the bill, the ..
