Relief for Amazon and Flipkart as government defers implementation of TCS provision

The government has deferred implementation of a provision that required ecommerce players such as Amazon and Flipkart to deduct tax on payments made to their vendors from July 1, under the new Goods and Service Tax regime. In addition, small businesses that sell through these ecommerce platforms don't have to register themselves immediately, the government said. Ecommerce players had feared losing…