In order to regulate dealers and sellers, Delhi’s trade and tax department has made it mandatory for them to deposit their due tax, along with their transaction details. failure of which can result a fine of Rs 50,000 under section 86(14) of Delhi Value Added Tax Act, 2004.

Although ecommerce marketplaces, such as Flipkart, Snapdeal, Amazon have been exempted from paying VAT, but they will be required to submit details of all transactions done by Delhi based retailers, and calculate the exact VAT which is applicable.

Delhi Govt. had conducted a meeting with all stake-holders (ecommerce companies, retailers and distributers) on August 27th, and the notice about tax collection was explained to them in detail.

 

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Sangeeta Ghosh

Sangeeta is an engineering graduate and is passionate about painting and music. She is always blooming with new ideas and is a real go to person when you are searching for one. Exploring good dining places across the city is her favourite off-field indulgence. At KnowStartup, she is an integral part of the editorial team.

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