Amazon Prime Day comes amid slowdown in online sales growth
Amazon is heading into its annual Prime Day sales event on Tuesday much differently than how it entered the pandemic. The company has long used the two-day event – one…
GST 2.0 may be free of jurisdiction: Vivek Johri, chairman, CBIC
India could consider a significant shift in the Goods and Services Tax (GST) including a jurisdiction-free regime as part of the next set of reforms for the five-year-old indirect tax…
FMCG sales fall on Amazon after Cloudtail transition
FMCG sales have fallen significantly on Amazon India after brands including Nestle, Dabur and HUL were asked to switch to new seller Rocket Kommerce from Cloudtail, two sources aware of…
GST Council meet: Compensation issue, tax on online gaming, tax exemption list top on agenda today
The continuation of compensation to states beyond June 30, further rationalizing tax exemption and Goods and Services Tax (GST) on online gaming, horse race and casinos are on the top…
NBFCs should diversify risks across sectors: Former SBI chairman
Non-banking financial companies need to diversify risks across sectors and geographies, as well as maintain capital adequacy norms and introduce core banking solutions going ahead, formerState Bank of IndiaNSE 0.66…
Government notifies GST compensation cess extension to March 2026
The government issued a notification on Saturday extending the goods and services tax (GST) compensation cess until March 31, 2026. The cess was to end on June 30, 2022, five…
Short-term risk management must not hurt macro stability
The government needs to carefully manage short-term risks that the country face without sacrificing the “hard-earned macroeconomic stability”, the finance ministry said in its monthly economic report on Monday. India…
GST Council may consider changes in monthly GST payment form
The GST Council in its meeting next week is likely to consider a proposal for making changes in the monthly tax payment form — GSTR-3B, which would include auto-population of…
ITC records 3 times growth in e-commerce sales compared to pre-Covid levels
Diversified Indian conglomerate ITC Limited’s sales through the e-commerce channel in the last financial year saw a threefold rise over FY 2019-20 levels, taking the channel salience to 7 per…
Growing E-Commerce Tech Is Helping SMBs Meet New Consumer Demands
The advent of the pandemic has brought about seismic changes to consumer behavior, as quarantining measures early on shifted the way people consume goods. This quickly spurred e-commerce shopping to…