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Simplified taxation regime can help to empower the MSME sector: FISME

The session deliberated the bottlenecks faced by MSMEs in the e-commerce sector due to the GST regime, Delving on other issues, Subodh Sharma, Co-Founder, PinkWoolf, a shaving and skincare company, said there is a huge need for education among the GST team on what online business entails. 

He also explained how there is a huge variance between states when it comes to additional place of business.

 (APOB). “For instance, while it took us two weeks in Telangana, it took just two days in Bangalore. Besides this we did not face any distrust issues here but it was not the same situation in Haryana and 
Besides this, an API-based APOB registration system by e-commerce operators for each seller's GSTIN at warehouses was suggested to help reduce time required for inventory placement and eliminate repeated.

 verification of the same premises. Reducing the TCS rate to 0.1% cumulatively, the industry body said, will help to resolve the working capital issue for sellers and maintain continued visibility.