AAAR ruling threatens 18% GST on Flipkart delivery charges, pressuring marketplace economics
A West Bengal AAAR order classifying delivery charges as taxable could force Flipkart and peers to absorb or pass through 18% GST, squeezing margins as D2C captures 86% of India's projected $285 Bn ecommerce GMV by 2031. Digest also flags Delhi NCR leading D2C funding ($3.5 Bn, 434 deals) and Zoho's ₹70 Cr ONDC bet.
Digest covers Raise/Dhan's GIBL insurtech buy, Delhi NCR topping India's D2C funding, D2C projected to capture 86% of $285 Bn ecommerce GMV, Zaggle Q4 results, Uber-Adani India data centre, Zoho's ONDC investment, and a West Bengal AAAR ruling threatening 18% GST on Flipkart delivery charges.