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CBDT clarifies applicability of TDS liability for e-retailers on ONDC

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...

Working with RBI, ministries to promote e-commerce exports: DGFT

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...

13 states, UTs among ‘achievers’ in logistics performance index

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...

Targeted action plan to improve India’s logistics efficiency, global ranking

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...

DPIIT-recognised startups not to face scrutiny under Angel Tax provisions of Budget 2023

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...

Road secretary Anurag Jain, former DPIIT official Anil Agarwal join ONDC’s advisory council

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...

Nivruti Rai appointed as MD and CEO of Invest India

Nivruti Rai has taken over the charge from Manmeet K Nanda, Joint Secretary, Department for Promotion of Industry and Internal Trade (DPIIT)New Delhi: Former Intel India country head Nivruti Rai has joined as the Managing Director and CEO of Invest...

GST Council to clarify on TCS liability of e-commerce suppliers on ONDC

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...

ONDC’s beta version goes live in five more cities

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...

Shiprocket seller app integrates with ONDC  

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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