Introductions And Kashmir State. The concept of GST is




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India has one of the world’s largest
growing internet and smart phone users’ population. To cater to the needs of
the technology driven consumers, the demand for the online buying and selling
of the goods and services is increasing. This has led to the increase in demand
for the various e-commerce sites.

E-Commerce is the process which involves
the buying and selling of the goods and services online with the help of
internet network.

The demand for the online transactions
are increasing because of the advantages of initiation of transactions from any
convenient locations supporting internet networks facilities round the clock,
cash on delivery facilities, the availability of the various options of goods
and services on the  various e-commerce
sites which suit the diverse needs of the various segments of the consumers.



Flipkart is an e-commerce multi brand
retailing company which was founded in the year 2007 by duo Sachin Bansal and
Binny Bansal; both had previously worked for Amazon, another online e-commerce

It is headquartered in Bangalore,
Karnataka. It has also launched its own online product range by the name of
DigiFlip. It is registered in Singapore.

Flipkart sells its good in India through
a company named WS Retail a multi-brand e-retailing is prohibited by foreign


and Services Tax (GST)

Goods and services tax came in force in
India from 1st July, 2017. It is a comprehensive indirect tax which
is levied on manufacture, sale and consumption of goods and services. It will
replace all the indirect tax levied at centre and state level. It will replace
central excise duties, custom duties and service tax at the centre level and
will replace the state VAT at the state level.

The Constitution Bill, 2011 gave
concurrent powers to the central and the state governments to make the laws on
the taxation of goods and services.

 It is applicable to the whole of India except
Jammu And Kashmir State. The concept of GST is same as the concept of VAT.

Goods refer to every type of type of
movable property but do not include money and securities.

Copyrights and trademarks are also
included in the definition of goods.

It excludes central tax, state tax,
union territory tax, integrated tax and cess.

GST has bought many changes such as
payment of tax on a monthly basis, increase in the number of GST returns. It
would also pose challenges for the small and new taxpayers as they would face the
burden to comply with a lot of changes.