Shopping on e-shopping sites to get 5 per cent costlier in Uttar Pradesh

On Tuesday Akhilesh Yadav govt take a big decision in Cabinet meeting. He approved a 5% entry tax on all e-commerce purchases by UP consumers.This decision is also extended to courier service though details regarding the same are yet to emerge.
Akhilesh Yadav said online shopping becomes very famous in the market, government have to take it as develoment of state.Currently, the online market in the state is pegged at Rs 10,000 crore. The online companies already opting out of discount wars gradually, further hike in price could impact the market. With e-commerce companies already opting out of discount wars gradually, further hike in price could impact the market.