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Flipkart, Amazon, Snapdeal flag concerns over tax laws in GST

Tax collection at source would lock in Rs 400 cr of seller money, say e-commerce majors

e-commerce, Ficci, Snapdeal, Amazon, Flipkart
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From left: Amazon's Country Head Amit Agarwal, Snapdeal CEO Kunal Bahl, Secretary General of FICCI A Didar Singh & Flipkart CEO Sachin Bansal

Karan Choudhury New Delhi
On field, they might be arch rivals, but on Thursday e-commerce biggies Amazon, Flipkart and Snapdeal, came together on one single platform, voicing their concerns over Rs 400 crore of capital belonging to their sellers being locked every year under the GST regime.
Tax collection at source (TCS) recommended in the GST regime which is only for e-commerce companies, has been a major pain point for online marketplaces who see it as the single biggest hurdle in their quest for growth.
Did it take a lot of convincing for Sachin Bansal, co-founder, Flipkart, Kunal Bahl, co-founder, Snapdeal and Amit Agarwal, VP and

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