Report of the CBDT’s Committee on Taxation to examine the business models for e-commerce
CBDT’s Committee on Taxation of e-commerce has examined & reported on the business models for e-commerce, direct tax issues in relation to e-commerce transactions and has suggested approach to deal with such issues.
A Committee on Taxation of e-commerce was constituted by the CBDT to examine the business models for e-commerce, identify the direct tax issues in relation to e-commerce transactions and suggest an approach to deal with these issues. The Committee included officers of CBDT, representatives from the industry, the Institute of Chartered Accountants of India and tax experts.
The Report of the Committee was received by the Government and taken into consideration in the preparation of Finance Bill, 2016. This Report provides the view of the Committee on issues related to taxation of e-commerce and recent international developments in this area.