Goods and Services Tax (GST), India's indirect tax reform, will affect everyone, including businesses of all sizes such as big corporates, small and medium enterprises (SMEs), and startups.
In Asia, countries such as Malaysia and Singapore have adopted the GST structure and were pushed by the State’s drive to replenish dried up coffers.
Seller sign-ups with online market places will reduce as discounts and flash sales escalate on all e-commerce platforms to clear existing stocks and mitigate anticipated losses.
GST will shorten delivery time spans and overall spend on operational expenditures but is sure to give some tech un-savvy SMEs a few hiccups in the initial months.
Devesh Rai runs a wholesale B2B online business called, Wydr. So he knows exactly how much GST will affect his work.