UP En­try Tax Helps Ghazi­abad Part­ners Counter E-com­merce


Ghazi­abad is one of the most pop­u­lar cities in the NCR land­scape and also con­trib­utes a large amount of busi­ness to the IT sec­tor in In­dia.

But then again for a long time, the Ghazi­abad land­scape has suf­fered a lot in hard num­bers due to a down in the mar­ket with the only cause be­ing the on­line mar­ket.

The On­line mar­ket has cre­ated a lot of trou­ble for the phys­i­cal re­tail mar­ket; as they of­fered a price to the cus­tomer which was far too low as com­pared to re­tail mar­ket.

This made many re­tail­ers or sellers to shut­down their busi­nesses ow­ing to lack­adaisi­cal sales.

This be­came a ma­jor point to brain­shower as far as the UP Gov­ern­ment is con­cerned, as they do not want re­tail­ers or sellers to lose their busi­nesses and also want E-com­merce to up its stakes and grow from strength to strength but it can­not be pos­si­ble si­mul­ta­ne­ously.

So the so­lu­tion which lies here for the Re­tail frea­ter­nity is that they find a way which helps to con­trol the mar­ket as well as reg­u­late the on­line mar­ket in some ways by which off­line mar­ket should not be harmed.

The Ad­min­is­tra­tion has im­posed a 5% manda­tory en­try tax on on­line goods which suc­ceeded in putting some con­trol on the on­line mar­ket.

This step un­der­taken by the UP Gov­ern­ment has bought about a re­vived mar­ket back to the sellers and re­tail­ers which were ear­lier taken over by on­line sellers. As a re­sult, Re­tail

Con­tin­ued on page 2

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.