Amazon and Walmart's Flipkart are among online retailers demanding that Ind...
NEW DELHI - Amazon and Walmart’s Flipkart are among online retailers demanding that India scale back a proposed tax on third-party sellers on their platforms, saying the burden of compliance will hurt the fledgling industry, according to documents seen by Reuters.
The move is part of a broader plan by Prime Minister Narendra Modi’s government to increase tax revenues and counter a sharp economic slowdown due to weakening consumer demand. Another influential lobby group, the U.S.-India Strategic Partnership Forum , is asking the government to give e-commerce firms more time to comply with the tax proposal.
This tax will be “extremely detrimental to the growth and sustenance” of small online sellers and make the model “unviable”, Unexo Life Sciences, a seller of healthcare products on Amazon’s India website, said in an email to the Central Board of Direct Taxes that was reviewed by Reuters.
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