E-commerce seeks fair tax regime in Budget

One e-commerce company even wants the sector to be given capital gains tax exemption.

"We are a fast growing e-commerce company and government should make this industry very flexible to operate in. They should bring in number of laws like no capital gains tax for first time entrepreneurs and ESOP holders, lower interest rates for business loans and easy long term repayments of turn around companies. Special package for companies revival under handloom and ethnic wear market For the benefits of the employees the budget should have tax exemption limit increment for women employees earning up to Rs. 5 lakh, reduce housing loan deduction limit to Rs. 3 lakh on Interest paid,” Shailesh Jain, co-founder of Mirraw.com said.

Another e-commerce company head highlighted the trouble these firms have to face because of different taxation laws in different states.

Anupam Tulsyan, co-founder and MD, Peachmode.com, said, “As an e-commerce company we are expecting easy taxation across states. For example, we cannot ship COD shipments to Kerala because of Kerala Govt rules. Now on unstitch material in Bihar they are putting sales tax above Rs 2000. For e-commerce companies which sells across states. Delhi has introduced DVAT for e-comm companies as compulsion. it creates lot of problems. Either GST comes soon or taxation improves.” (SH)

Fibre2Fashion News Desk – India