taxation on e commerce;what it is,why is important , are there any cons?
Government imposes tax on consumers/producers for per unit buying/selling. The tax rate varies on state to state. Consumers pay the specific amount of tax which then received by producers and submitted to government. Government collects taxes from public in various ways to spend on public. Think in this way, as e-commerce took place in tha market, there are many ware houses built, mane cars/bikes are running on roads to deliver the parcel. If government is collecting a little amount on top of it to make the development sustainable or spend the amount for others welfare, there is no hatm in paying it.
Everything comes with pros as well as cons, taxation on goods reduce the willingness of consumer to pay for the good.
Get Answers For Free
Most questions answered within 1 hours.