Skip to main content

Centre has no data on impact of COVID-19 on e-commerce

Since, the pandemic is still ongoing, according to the Government, it is too early to make an assessment of the impact of the pandemic on the e-commerce sector

Category: Sub Category:

Various restrictions were imposed to ensure social-distancing during COVID-19 lockdown under guidelines released by Ministry of Home Affairs (MHA), from time to time. During this period delivery of essential goods, including food, pharmaceuticals, medical equipment were encouraged through e-commerce. Since, the pandemic is still ongoing, it is too early to make an assessment of the impact of the pandemic on the e-commerce sector, Union Minister of Commerce and Industry, Piyush Goyal said in a written reply in the Rajya Sabha today.
E-commerce operators are liable to be registered irrespective of the value of supply made by them. The benefit of threshold exemption is not available to e-commerce operators. On specific categories of services the GST is payable by the electronic commerce operator if such services are supplied through them. The e-commerce operators are also required to collect Tax Collection at Source (TCS) at the rate of one per cent of the net value of taxable supplies made through them, where the consideration with respect to such supplies is to be collected by such operators. Under the GST Act, every registered person shall self-assess the taxes payable and furnish a return for each tax period as specified. Therefore, e-commerce operators are liable to pay GST like any other supplier of goods or services, Goyal added.

1 Votes with an average with 5
For more updates, be socially connected with us on
WhatsApp | LinkedIn | Twitter | Facebook

Related Story

Khadi India launches high quality muslin fabric masks for Diwali

Keeping in view the Diwali festival, Khadi and Village Industries Commission (KVIC) has launched a limited edition of two-layered "Happy Diwali" printed face masks made of pure…

Syngenta: Empowering women in rural areas

A well thought out blend of hand holding, motivation and innovation has helped Syngenta paved the way for women’s holistic empowerment in Bihar. Through its Good Growth Plan, training women…

Value addition of agri produce essential to increase export competitiveness: APEDA

Value addition and diversification are essential to increase export competitiveness and farmers' income, Dr M Angamuthu, Chairman, Agricultural and Processed Food Products…

The website encountered an unexpected error. Please try again later.