GST will bring down the tax-rate, which will help startups. Currently, different states impose different fees in each state. GST will bring uniformity in process and will help business to grow faster across multiple states. Start-ups spend time and resources to manage the various taxes at various points. GST will simplify the process by integrating all taxes, making the process of paying tax simpler. Reduction in logistics, storage and transportation cost and time across States as efficiencies increases and reduction in lead times for transportation of goods The government has provided relief to e-commerce marketplaces like ishippo.com by putting on hold a provision to deduct a one percent tax collected at source (TCS). From a sectoral perspective e-commerce sales might temporarily decline 10-15% due to expected price hike of certain products, reduced consumer demand and less supply of fresh inventory.
