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FISME wants E-comm Warehouses registered as Add Place of Business

The Federation of Indian micro and small and medium enterprises has written to the government ahead of GST Council’s meeting on Friday urging it to permit MSMEs to register e-commerce operators warehouse across states as additional place of business to get business through the online retail route

Based on the home state PPOB sellers can you register an e-commerce operator’s warehouse as APOB and conduct business  the body said in a letter to minister of state for finance ANURAG Thakur. Industry experts said online sales are now enabling survival opportunities instead of being an additional revenue stream if FISME also sought that the 18% slab be applicable to all auto parts and components.   

Having one rate for all the parts and accessories will save retailers and small producers of harassment and greatly ease transactions    the industry body also sought resolution of ITC accumulation which has a considerable impact on MSME operation on low capital margins the issue is more acute for sectors having inverted GST structure it said.

ITC may be allowed to be converted into tradable instrument to unlock capital this will unlock working capital as well as free liquidity in the market. S-ET

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