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Online retailers demand rollback of new Indian tax
- Monday | 17th February, 2020
The Finance Ministry also declined to comment. ‘EXTREMELY DETRIMENTAL’Some third-party sellers are also pushing back against the tax, arguing it would negatively impact their working capital, adding that they already contribute to the nationwide sales tax. Online vendors, or sellers with revenue of less than half a million rupees in the previous year, as well as bricks-and-mortar retailers, will be exempted from the new tax, although they are subject to the nationwide sales tax. Modi is pushing to expand India’s tax base to hundreds of thousands of manufacturers, food sellers and cab drivers who currently do not pay income tax, a senior Finance Ministry official said. New Delhi expects to collect about 30 billion Indian rupees ($419.46 million) through the tax, the Finance Ministry said.
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