Challenges Loom Over Applicability Of New GST Provision For E-Marketplaces

Reporting norms and information technology system preparedness for managing high-volume transactions are some of the challenges that e-commerce marketplaces will face as the government introduces tax provisions for the sector. The provisions, which will come into effect from Oct. 1, require e-commerce companies to collect 1 percent tax collectible at source while making payments to suppliers under…