Amazon, Flipkart Seek Clarification on 1% TDS Levy: Union Budget 2020
Amazon India and Flipkart are studying the Budget proposal on levy of one% TDS, and may reach out to the government for clarifications.
“We are studying the details, and will reach out to the government for clarifications. We hope the tax regime is simple and uniform so that millions of small and medium businesses can go online, digitise their operations and continue to contribute to growing the economy,” an Amazon India spokesperson said.
“We are studying the details, particularly how it impacts the MSMEs and Sellers on our marketplace platform. We will discuss further with our seller partners, and engage with government and other stakeholders in due course,” Flipkart said.
The government proposed a new levy of 1% TDS (tax deducted at source) on e-commerce transactions.