Heartfelt appreciation for the GST Council’s sweeping decision to allow little ones
BC Bhartia, the national president of CAIT, and General Secretary Praveen Khandelwal said that this decision will enable small merchants who are below the GST threshold to expand their business through e-commerce and will greatly strengthen Digital India’s vision. strengthen.
There are more than 8 crore small merchants in the country, but a large number of merchants conduct business without GST registration as their annual sales are below the GST threshold limit. Such merchants can now trade on e-commerce.
Earlier, at its 47th meeting, the GST Board had approved in principle to allow unregistered suppliers and composite taxpayers to conduct intra-state delivery of goods through ECOs under certain conditions.
CAIT said India is rapidly emerging as an e-commerce hub and there is tremendous growth in online business.
E-commerce in India now accounts for about 10 percent of total retail sales.
“In view of this, it was extremely relevant that small sellers, those who have small sales and are not subject to GST, were unable to do business online, resulting in a huge loss of market and business opportunities,” said a statement. said.
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