New Delhi, Sept. 5 -- The latest GST changes, which require Eternal and Swiggy to pay 18% GST on delivery charges collected from customers, may not significantly impact these food delivery and quick commerce players, as the prospects of higher consumption following rate cuts on consumer goods and the rapid adoption of quick commerce can offset the GST burden, according to experts.
Experts believe the impact will be negligible for both companies, and the stocks remain compelling buys at this juncture, ahead of the start of the festive season and expected increased consumption.
The new GST regime has made it clear that delivery fees, charged to customers, should be paid by platforms like Swiggy and Zomato.
The government levied 18% GST o...
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