Online sales of auto components have been slayed by complex Goods and Services Tax (GST) model for e-commerce startups.
Exclusion of e-commerce businesses from the composite scheme, a higher tax rate of 28% for auto components and for logistics of spare parts as well, and a complex GST model has impacted adversely e-commerce startups
Most of the sellers registered in the marketplace are (Small and Medium-sized Enterprises) SMEs and non-availability of the composite scheme for eCommerce players have impacted them.
Source: Economic Times