New Delhi, Nov. 2 -- The Confederation of All India Traders (CAIT) has alleged that the reduction in GST is a result of a major chunk of offline sales shifting to the E-commerce companies which have recently done a business of over 30,000 crore through their portals in the festive season.
''Since, these companies by flouting the Foreign Direct Investment (FDI) policy are indulging in deep discounting and predatory pricing policies, they have an expertise in avoiding GST and causing a severe loss of revenue to the Govt. A shortfall of approx. 4500 crores in GST as compared to last year would not have happened, if e-commerce companies hadn't indulge in predatory pricing and deep discounting,'' the traders body said in a press release.
''I...