Introduction:
The GST Act came in force from 1st July, 2017. There were many interpretation issues with respect to the definitions, glossary and terms use in the law. Since, such definitions were adopted from various legacy laws in India prior to GST; such as Service Tax, State VAT, Central Excise Act, Luxury Tax, Entertainment Tax, etc. it was difficult to make applicable one definition for different sectors. Hence, some modifications from existing definitions were made. Therefore, it was important to established a nexus of the terms used in the GST definitions. The definition discussed here is”Electronic Commerce”.
So what do you mean by”Electronic Commerce”?
Section 2(44) of CGST Act, 2017 –“electronic commerce” means the supply of goods or services or both,including digital products over digital or electronic network;
Conclusion:
E-Commerce or Electronic Commerce means buying and selling of goods, products, or services over the internet.E-Commerce is also known as electronic commerce or internet commerce.These business transactions can be done in four ways:Business to Business (B2B), Business to customer (B2C), Customer to customer (C2C), Customer to Business (C2B).