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The Madhya Pradesh government plans to impose 6 per cent entry tax on the e-commerce firms by amending the legislation to increase revenue.
The government, which is aiming to receive at least ₹300 crore from the move, will introduce a Bill in the upcoming monsoon session to amendment laws so as to bring e-commerce firms under the tax regime.
“We would bring the e-commerce firm under tax regime and impose 6 per cent levy by bringing a Bill to amend in the monsoon session, which is going to start from tomorrow,” said Madhya Pradesh Finance Minister Jayant Malaiya.
He further added: “The business of e-commerce companies is increasing day-by-day and it is affecting the traditional shopkeepers, who pay us entry tax along with other levies.
“So, we have decided to bring e-commerce under the gambit of tax regime, so that there should be equal collection from both channels — traditional brick & mortar shops and e-commerce trade.”
On July 5, 2016, the Council of Ministers in a meeting held under Chief Minister Shivraj Singh Chauhan has already approved to bring the amendment legislation for imposing 6 per cent entry tax on e-commerce.
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