GST overhaul a game-changer for small sellers: Amazon exec
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NEW DELHI: E-commerce major Amazon India has lauded the government’s recently approved two-slab Goods and Services Tax (GST) structure as a “very progressive reform” and “game changer” for small sellers, and expects a significant positive impact on customers and the seller ecosystem.
Saurabh Srivastava, Vice President, Categories at Amazon India, said the new GST regime truly democratises digital commerce for sellers from tier 2 and tier 3 cities.
“What the government has done is a very progressive reform. It is going to positively impact customers, seller ecosystems, and the overall economy. Because of the rate reduction, sellers and brands can offer a lot better deals,” he said. Amazon India has already started making changes in its internal systems to incorporate the revised GST rates, he added.
Looking ahead to the “Great Indian Festival”, Amazon’s flagship annual sale, commencing on September 23, Srivastava said that with the GST rejig, customers can look forward to the lowest prices of the year on over one lakh products.
To cater to the anticipated surge in demand, Amazon India has invested over Rs2,000 crore this year alone. This investment focuses on the well-being of delivery and fulfilment centre associates, expanding capacity, and integrating technology.
