{"id":6900,"date":"2017-07-15T11:30:17","date_gmt":"2017-07-15T06:00:17","guid":{"rendered":"http:\/\/shopnix.in\/blog\/?p=6900"},"modified":"2017-07-19T16:58:08","modified_gmt":"2017-07-19T11:28:08","slug":"benefits-of-gst-goods-and-services-tax-how-the-tax-regime-will-impact-your-ecommerce-business","status":"publish","type":"post","link":"https:\/\/shopnix.io\/blog\/benefits-of-gst-goods-and-services-tax-how-the-tax-regime-will-impact-your-ecommerce-business\/","title":{"rendered":"Benefits of GST (Goods and Services Tax) – How the Tax Regime will Impact your eCommerce Business."},"content":{"rendered":"

With digital transformation India has witnessed some improved opportunities for e-commerce players; the government has consistently tried to help the start-up community. The government of India with an ambitious plan has implemented the revolutionising tax regime \u201cThe Goods and Service Tax\u201d. \u00a0With a majority of exuberant entrepreneurs probing about the ambiguity of this tax reform, let\u2019s discuss few <\/span>benefits of GST<\/b> and how the tax regime will impact your eCommerce business.<\/span><\/p>\n

\"Benefits<\/a>
Goods and Services Tax – How the new tax regime will help invigorate economic growth<\/figcaption><\/figure>\n

Benefits of GST – Which Industries will Gain more Traction<\/b><\/h2>\n

With India becoming the second largest startup community in the world, the government of India was constantly under pressure to leverage some incomparable support to the new breed of entrepreneurs. <\/span><\/p>\n

Goods and Services Tax has been rolled out and everyone is sitting on the edge of their seats contemplating, how it is going to benefit them. Well! A lot of businessmen and political parties are certainly opposing the implementation of Goods and Service Tax but the e-commerce section has a lot to be delighted about.<\/span><\/p>\n

The Goods and Service Tax Council has created four slabs 5%,8%, 12% and 18% \u00a0under which the goods and services will be taxed. Based on the new reform taxes are levied upon the final source of consumption. So the actual price or the \u201ctransaction value\u201d will comprise of a consolidated tax (indirect and direct tax), commission, packing cost, and other expenses till sales.<\/span><\/p>\n

#1)<\/b> eCommerce:<\/b> With Modi government giving utmost importance to digital transformation, this sector seems to attract higher benefits. A common tax law across the nation has wide implication when comes to interstate online transactions and merchandise management. <\/span><\/p>\n

Benefits of GST for Online Sellers<\/b><\/h3>\n