Introductions increasing because of the advantages of initiation

Introductions

 

E-Commerce

We Will Write a Custom Essay Specifically
For You For Only $13.90/page!


order now

India has one of the world’s largest internet
and smart phone users’ population. To cater to the needs of the technology
driven large number of consumers, the demand for the online buying and selling
of the goods and services is increasing. This has led to the increase in demand
for the various e-commerce sites.

E-Commerce is the process which involves
the buying and selling of the goods and services online with the help of
internet network.

The demand for the online transactions
are increasing because of the advantages of initiation of transactions from any
convenient locations supporting internet networks facilities round the clock,
cash on delivery facilities, the availability of the various options of goods
and services on the  various e-commerce
sites which suit the diverse needs of the various segments of the consumers.

 

Flipkart

Flipkart is an e-commerce multi brand
retailing company which was founded in the year 2007 by duo Sachin Bansal and
Binny Bansal.

It is headquartered in Bangalore,
Karnataka. It has also launched its own online product range by the name of
DigiFlip. It is registered at Singapore.

Flipkart sells its good in India through
a company named WS Retail because the multi-brand e-retailing activities
undertaken by foreign companies are prohibited in India.

 

Goods
and Services Tax (GST)

Goods and services tax came in force in
India from 1st July, 2017. It is a form of indirect tax which is
levied on manufacture, sale and consumption of goods and services. It will
replace all the indirect tax levied at centre and state level. It will replace
central excise duties, custom duties and service tax at the centre level and
will replace the state VAT at the state level.

It is applicable to the whole of India
except Jammu And Kashmir State.

Goods refer to every type of movable
properties but do not include money and securities. Copyrights and trademarks
are also included in the definition of goods.

It excludes central tax, state tax,
union territory tax, integrated tax and cess.

GST has bought many changes such as
payment of tax on a monthly basis, increase in the number of GST returns. It
would also pose challenges for the small and new taxpayers as they would face the
burden of complying with a lot of changes.

 

Author:

x

Hi!
I'm Eileen!

Would you like to get a custom essay? How about receiving a customized one?

Check it out