Ignoring the business mantra that consumers are king and they have the right to get any product at cheaper price, the Confederation of All India Traders (CAIT) demanded that the NDA government should formulate stringent norms to regulate the business pattern of e-commerce majors.
It’s pertinent to mention here that e-tailers have a done a business of around Rs 600 crore in the last week and much more is expected in the coming days knowing the fact that the festival of lights Diwali is just round the corner. Hit by poor sales at the brick-and-mortar shops with the online stores such as Flipkart, Snapdeal and Amazon offering unbeatable offers, CAIT general secretary Parveen Khandelwal said, ‘We accept that e-commerce is a reality, but we want a strict law for e-tailers. We have met prime minister Narendra Modi and trying to build pressure on the government to take immediate action against e-commerce majors.’
Khandelwal, however, alleged that e-tailers are not paying any Central Sales Tax (CST), which is effected in the course of inter-state trade or commerce. The trader’s body has organised a nationwide protest on 31 October against e-tailers for flouting tax rules.
In contrary to Khandelwal, the Gujarat chapter of CAIT has initiated a training programme to encourage small retailers to join online platform. While talking to Millennium Post, CAIT Gujarat president Pramod Bhagat said, ‘We accept the fact that e-commerce is reality now. So we persuading small retailers to make a pool of traders and initiate bulk buying. It will help them to fetch sizeable profit margin by selling the products through online channel.’
‘In the cut-and-throat completion, the old-fashioned retailers must think of upgrading themselves by preferring online business model rather that raking up tax issue. The traditional traders should develop new modalities to compete with e-tailers,’ an e-commerce consumer averred.
It’s pertinent to mention here that e-tailers have a done a business of around Rs 600 crore in the last week and much more is expected in the coming days knowing the fact that the festival of lights Diwali is just round the corner. Hit by poor sales at the brick-and-mortar shops with the online stores such as Flipkart, Snapdeal and Amazon offering unbeatable offers, CAIT general secretary Parveen Khandelwal said, ‘We accept that e-commerce is a reality, but we want a strict law for e-tailers. We have met prime minister Narendra Modi and trying to build pressure on the government to take immediate action against e-commerce majors.’
Khandelwal, however, alleged that e-tailers are not paying any Central Sales Tax (CST), which is effected in the course of inter-state trade or commerce. The trader’s body has organised a nationwide protest on 31 October against e-tailers for flouting tax rules.
In contrary to Khandelwal, the Gujarat chapter of CAIT has initiated a training programme to encourage small retailers to join online platform. While talking to Millennium Post, CAIT Gujarat president Pramod Bhagat said, ‘We accept the fact that e-commerce is reality now. So we persuading small retailers to make a pool of traders and initiate bulk buying. It will help them to fetch sizeable profit margin by selling the products through online channel.’
‘In the cut-and-throat completion, the old-fashioned retailers must think of upgrading themselves by preferring online business model rather that raking up tax issue. The traditional traders should develop new modalities to compete with e-tailers,’ an e-commerce consumer averred.