DPIIT
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CBDT clarifies applicability of TDS liability for e-retailers on ONDC
PTI -
As per the FAQ issued by the Central Board of Direct Taxes (CBDT), a 1 per cent TDS will have to be deducted from the gross sale amountNew Delhi: The income tax department on Thursday clarified the applicability of...
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Working with RBI, ministries to promote e-commerce exports: DGFT
PTI -
Director General of Foreign Trade (DGFT) Santosh Kumar Sarangi said that huge export opportunities are there in the e-commerce sectorNew Delhi: The commerce ministry's arm DGFT is working with the RBI and concerned ministries, including the finance ministry, on...
In Focus
13 states, UTs among ‘achievers’ in logistics performance index
PTI -
The index is an indicator of the efficiency of logistical services necessary for promoting exports and economic growthNew Delhi: Andhra Pradesh, Karnataka, Tamil Nadu, Chandigarh, and Gujarat are among the 13 states and Union Territories that have again been...
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Targeted action plan to improve India’s logistics efficiency, global ranking
PTI -
This will improve India's ranking in the World Bank's LPI (Logistics Performance Index), the Department for Promotion of Industry and Internal Trade (DPIIT)New Delhi: The commerce and industry ministry on Thursday said a targeted action plan has been shared...
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DPIIT-recognised startups not to face scrutiny under Angel Tax provisions of Budget 2023
PTI -
The Income Tax Department had last month notified new angel tax rules for evaluating the shares issued by unlisted startups to investorsNew Delhi: Startups registered with DPIIT will not be subject to assessment proceedings relating to Angel Tax amendments...
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Road secretary Anurag Jain, former DPIIT official Anil Agarwal join ONDC’s advisory council
PTI -
With this, the total members of the ONDC's advisory council will be 13New Delhi: Road, Transport and Highways Secretary Anurag Jain and former additional secretary in the department for promotion of industry and internal trade (DPIIT) Anil Agarwal have...
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Nivruti Rai appointed as MD and CEO of Invest India
PTI -
Nivruti Rai has taken over the charge from Manmeet K Nanda, Joint Secretary, Department for Promotion of Industry and Internal Trade (DPIIT)New Delhi:Â Former Intel India country head Nivruti Rai has joined as the Managing Director and CEO of Invest...
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GST Council to clarify on TCS liability of e-commerce suppliers on ONDC
PTI -
Under the GST law, every e-commerce operator is required to collect TCS at the rate of 1 per cent of the taxable value of goods/services sold through its platformNew Delhi: The Goods and Services Tax (GST) Council on July...
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ONDC’s beta version goes live in five more cities
PTI -
Consumers will be able to purchase from the sellers on the ONDC network through four active buyer applications -- Paytm, Mystore, Spice Money, and MagicpinNew Delhi: The government's initiative ONDC on Wednesday said its beta version has now become...
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Shiprocket seller app integrates with ONDCÂ Â
Shiprocket plans to enable five key categories on ONDC including beauty and personal care, electronics and appliances, health and wellness and home and kitchenNew Delhi: Shiprocket, India’s 106th unicorn and e-commerce enablement platform, is integrating the Shiprocket seller app with...
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Japanese furniture retailer Nitori opens 1st Indian store at R City Mall, Mumbai
The inaugural ceremony at the 1.2 million sq. ft. R City Mall, which attracted 1 million monthly visitors, began...
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