“They have made representations, they are fine with the tax deduction plan, but they want the date to be at a later time.

The idea is to bring more participants of ecommerce (sellers) within the tax net.

The move to tax e-commerce transactions at source was one way to reduce litigation,” the sources said.

The ecommerce companies had earlier shared their displeasure over the government’s proposal of TDS saying it was an increased burden for sellers on online marketplaces.

The mandate for ecommerce platforms to deduct TDS from sellers is an undue burden on ecommerce platforms, IAMAI said in a statement. | To read full story, visit https://startuparound.com/read/1582520405.9470563/Amazon,-Flipkart-Agree-To-Levy-Ecommerce-TDS,-But-Seek-More-Time?ref=audio_experience