Challenges Faced by Genuine Online Sellers in Current GSTIN Drive, Recommendations to Mitigate Issues
The ongoing nationwide drive initiated by Central and State Tax administrations to identify and eliminate fraudulent GSTINs is posing difficulties…
Fan makers' body demands GST reduction
Reduction in GST slabs will not only help the fan industry to invest in capacity expansion but also in the adaption of new technologies, states…
ABFRL reports Q2 net profit of Rs 43 crore
Aditya Birla Fashion and Retail Ltd (ABFRL) has reported net profit of Rs 42.73 crore for the September quarter. The total income of the company…
GST refund adversely effects Small biz exports
Delay in refund of upfront goods and service tax and input credit has adversely affected the exports by small businesses. The same has been…
Explore Upcoming Events And New Age Agendas
  • IReC 2024
    29-30 Apr, Hotel Sheraton Grand, Bengaluru

    Launched in 2014, the Industry of Retail & eCommerce Summit has seen many years of growth, evolution and transition.

  • D2C INDIA 2024
    29-30 Apr, Hotel Sheraton Grand, Bengaluru

    Setting in Motion the New Commerce Revolution as the biggest and widest D2C community will gather in 2024.

  • Franchise India 2024 Delhi
    18-19 May, (IICC) India International Convention and Expo Centre, Delhi, India

    Meet 500+ franchisors across diverse industries, network with 40,000+ verified buyers, and gain insights from the startup community.

  • India EV Show
    29-30 June, Hall No. 3, Chennai Trade Centre, Chennai

    The INDIA EV SHOW's 4th edition is a Premier Show & Exhibition, sparking innovation and forging connections between emerging Startups and established heavyweights in the electric mobility arena.

  • FROEXPO Chennai
    29-30 June, Hall No. 2, Chennai Trade Centre, Chennai

    India’s premier and most trusted Business & Tradeshow is back in Chennai to provide a platform for highly evolved prospects, qualified investors, entrepreneurs from across India, neighbouring countries and delegations from other parts of the world.

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Govt mulls duty hike on CDs to promote local Manufacturing
Indian government is mulling over the imposition of higher import duties on consumer durables such as televisions, washing machines and refrigerators…
Bosch, Siemens reduce washing machine, fridge prices by 7-8%
To electronic brands, Bosch and Siemens, which are operated and run by European company BSH Household Appliances have announced to reduce prices of…
GST slab of 28% may become virtual hollow shell in year or so:CEA
Outgoing Chief Economic Adviser Arvind Subramanian today exuded confidence that the highest slab of 28 per cent tax under GST would be "virtually a…
Snapdeal introduces Instant Sign-up for sellers
Snapdeal has launched industry's first Instant Seller Sign-up feature to offer a seamless on-boarding process for sellers on its platform. Under…
Notices sent to HUL, P&G, LG: Taxman disallows AMP deductions sought by MNCs
Several multinational consumer companies have received notices from the income-tax department regarding the cancellation of deductions on expenses…
Cookies Maker Britannia rejigs global sourcing to cut costs
India’s leading cookies maker Britannia is consolidating its global procurement operations to trim costs and capture synergies offered by a reformed…
Budget 2018: Ecommerce and D2C industry eyes changes in rules and taxes
With the effects of Demonetisation settling down and implementation of GST well on its way, Budget 2018 is expected to positively drive the different…
Union Budget 2018: Retailers demand GST revision
As the day has come for the Finance Minister to present the Union Budget, the Goods and Services Tax (GST) retailers all across the country…
Government Cuts GST Rate To 5% From 18% For Online Startups
In a major relief to local and home service startups, the government has brought down the goods and services tax (GST) rates to 5% from 18%, as per…
GST Base Set To Cross One Crore Mark
Taxpayers for goods and services are set to scale the one-crore mark, marking a 25% jump in the number of taxpayers who were registered for payment…
Government relaxes norms for rectification of returns under GST
The Finance Ministry has permitted businesses to rectify mistakes in their monthly returns - GSTR-3B - and adjust tax liability, a move that will…
12%, 18% GST rates to be merged; 28% on luxury, sin goods: FM
Indian Finance Minister Arun Jaitley has indicated at merging 12 and 18 per cent tax rates under GST and the top 28 per cent slab would be for a "…
12%, 18% GST rates to be merged; 28% on luxury, sin goods: FM
Indian Finance Minister Arun Jaitley has indicated at merging 12 and 18 per cent tax rates under GST and the top 28 per cent slab would be for a "…
FMCG Companies Cuts Price of Its Good after GST Deduction
FMCG companies, including ITC, Dabur, HUL and Marico, today said they have cut prices of various products to pass on the benefits of GST rate…
Government Plans To Cut GST On White Goods
After consumer products and other daily use items, the government is now looking to reduce goods and services tax (GST) on consumer durables like…
GST Council To Decide Tax Refund On Friday
The GST Council would decide on the integrated Goods and Services Tax refunds at its next meeting in New Delhi on Friday. The GST Council meeting on…
GST could increase cost benefits by 5 per cent in 3 yrs says RAI
The implementation of goods and service tax (GST) could possibly increase overall benefits for retailers by up to 5 per cent over the next three…
The GST Council to forge product rates after state pressure
 Amid pressure from some states, the GST Council will soon start publishing rates of various products to prod companies to pass on gains, including…
Wholesale trips up FMCGs, players say biz as usual soon
  A month into GST and consumer product companies suffered volume t growth declines due to destocking. Even while most companies were ready to land…
EMAMI Prepared to regain momentum post destocking & Inventory Correction in Q1FY18
The Board of Directors of Emami Limited met on Wednesday, August 2, 2017 to consider the unaudited financial results of the company for the first…
Additional tax on cigarettes under GST will impact legal sales: ITC
ITC says the additional tax burden under the GST regime will ‘exacerbate’ the pressure on the entire legal cigarette value chain.   India’s largest…
Mobile vans to educate traders about GST
Delhi government will be launching six mobile vans shortly to tour the city’s markets and attempt to help traders with issues related to GST. The…
MSME Minister hopes khadi products to be GST free
Union Minister for Micro, Small and Medium Enterprises, Kalraj Mishra has expressed hope that khadi products will be exempted from the GST which…
Marico extends GST benefit to customers, reduces prices of hair oils by 5%
FMCG major, Marico has reduced prices of its hair oil brands by about 5% to pass on the GST benefits to consumers. This comes after a number of…
Lenovo expects PC business to grow by 5% post GST rollout
PC maker, Lenovo, is expecting a five per cent increase in business after the implementation of GST which will now require even small traders to…
GCPL expects uptick in consumer demand, positive second half
Home-grown FMCG firm, Godrej Consumer Products Ltd (GCPL) has slashed its soap prices by 6 to 8 per cent, extending the tax benefits to its…
Increase text size on product so that important information is readable: Ram Vilas Paswan
Food and Consumer Affairs Minister, Ram Vilas Paswan has announced new rules regarding the text size on consumer products. Manufacturers of…
Jammu and Kashmir Legislative Assembly passes bill for implementing GST
The Jammu and Kashmir Legislative Assembly has passed the state GST Bill 2017 amidst opposition boycott, making it the last state of the country to…
GSTN receives ten thousand calls per day, says Chairman Naveen Kumar
Following the successful rollout of the Goods and Services Tax (GST), the GST Network (GSTN) has been receiving an average of 10000 calls per day…
Kolkata retailers yet to implement new tax regime
A large section of retail shops in Kolkata are yet to implement Goods and Services Tax and are selling their old stocks with bills showing…
Govt increases number of national consumer helplines on GST to 60
The government has increased the number of consumer helplines on GST from 14 to 60, with specially trained professionals handling queries related to…
Dual MRP tags would help clear inventories, bring transparency to the market, say FMCG companies
Dual MRP tags, indicating pre and post GST rates, on unsold consumer products will help companies clear inventories and bring transparency to the…
Cloth merchants in Gujarat continue indefinite strike against 5% GST on textiles
Cloth shop owners in various parts of Gujarat have decided to continue their indefinite strike against five per cent GST levied on textiles, a day…
Registered businesses can now opt for composition scheme on GSTN
GST Network from today will provide an option on its Web portal to businesses that would like to opt for the composition scheme. Navin Kumar,…
Manufacturers get government's nod to sell old stock with new MRP stamp till September
The government has given approval to manufacturers and retailers to sell their old stocks with the new price tag, along with the existing price on…
28% tax on watches under the GST regime could increase the risk of smuggling: Titan
Watch and accessories maker, Titan, said that the incidence of 28 per cent tax on watches under the GST regime is one of the highest in the world…
GST Impact: Buying a TV would now cost more
Consumers will now have to pay more to purchase TV or related appliances as manufacturers have begun raising prices to account for GST. According to…
FMCG companies cut prices to pass on new tax benefits to customers
FMCG firms are revising prices of their products after the implementation of GST and are extending the tax benefits to the consumers under the new…
HUL reduces prices of some of its detergents and soaps post GST
FMCG major, HUL has extended the tax benefits the company has got under the GST regime to consumers by reducing the prices of some of its detergents…
GST will make textile industry more competitive, say industry leaders
According to leading players in the textile sector, the Goods and Services Tax (GST) will make the textiles industry more competitive and help in…
India's garment exports set to reach $20 billion in FY17-18
India's garment exports are expected to register a 15-18 per cent growth to touch $20 billion during the current fiscal following improved market…
Amazon set ups 16 GST Cafes across 11 cities
E-commerce major, Amazon.in has announced that it has set up 16 'GST Cafes' across 11 cities to help sellers understand rules, regulations and…
Amazon.in launches GST Cafés to train sellers on GST compliance
India’s leading e-commerce giant, Amazon.in today announced the setting up of 16 ‘GST Cafés’ across 11 cities to help sellers understand the…
GJF to launch Adhigam software to assist jewellers migrating to GST regime
All India Gems and Jewellery Trade Federation (GJF), national nodal trade body for the promotion and growth of trade in gems and jewellery across…
Impact of GST likely to be neutral to positive on most textile segments, says ICRA
The impact of the Goods and Services Tax (GST) is likely to be neutral to positive across segments in the textile industry compared to the current…
GST will rollout from June 30 midnight: FM Arun Jaitley
Union Finance Minister Arun Jaitley announced that the new tax regime, Goods and Services Tax (GST) will be launched at midnight on June 30. Jaitley…
Migration to GST implementation caused discomfort among their trade partners: Durables Makers
Consumer durables makers said that they expect the market to take at least 2-3 months to normalise operations post the implementation of Goods and…
Govt rolls out video featuring Amitabh Bachchan to promote GST
The government has roped in Bollywood megastar Amitabh Bachchan to promote Goods and Services Tax (GST), ahead of the sweeping tax reform's…
CII to organise GST workshop, awareness campaign to make enterprises GST-ready
Industry body CII said India Inc is ready for the GST implementation from July 1, as the new indirect tax regime will contribute significantly…
GST to roll out from July 1, Govt relaxes deadline to file GST returns
The GST Council has decided to rollout the new Goods and Services Tax regime from July 1, while relaxing the return filing deadline for the first…
GST Council likely to ask NIC to develop e-way bill system for movement of goods
The GST Council is likely to ask the National Informatics Centre (NIC) to develop the software to generate e-way bills for movement of goods under…
Paytm Mall partners with ClearTax to help merchants become GST-compliant
Paytm's online marketplace vertical, Paytm Mall has launched a comprehensive seller assistance programme to help merchants on its platform to…
Pasta, tea, mustard oil, noodles, several other food items to become cheaper under GST
LPG and daily use products such as notebooks, incense sticks, aluminium foils, insulin and several other items will become cheaper under the GST…
Paytm, 1mg launches Pre-GST sale, offer special discounts ahead of GST roll out
Online retailers like Paytm and 1mg are offering special discounts to consumers to ensure that their sellers' stock is cleared before the GST tax…
Future Retail works to ensure no disruption in supply chain in GST
As the Goods and Services Tax (GST) is scheduled to roll out in July, Future Retail has been working with vendors and its partners to ensure no…
Paytm Mall to offer cashbacks of up to 20,000 during its three-day pre-GST sale
After Flipkart and Amazon launched GST-driven sale on fashion and furniture last week, Paytm Mall is also launching its own clearance sale this week…
"This is going to be a fairly tight month, especially for FMCG companies" says Britannia's MD Varun Berry
According to Britannia Industries, FMCG products will see a decline in volume in the short term with channel partners of companies keeping less…
"The impact on eCommerce sector is going to be positive, especially on the supply chain front" says Ananth Narayanan
Commenting on GST, Ananth Narayanan, CEO, Myntra – Jabong said, "We are quite bullish about the new tax regime that will help solve the complex…
Plastic industry upset with proposed GST rates
Canara Plastic Manufacturers Association (CPMTA) has expressed its disappointment at the proposed Goods and Service Tax (GST) rates of 18% and 28%…
RAI will provide assitance to members on GST
Retailers Association of India (RAI), an industry body for retailers, has announced the creation of a helpdesk for member retailers across the…
Walmart India gives training to supplier partners on new GST regime
As the new GST regime is set to kick in from July 1, retail major, Walmart India has has started a series of workshops and training programmes for…
Gems and jewellery traders hope the Centre would levy 1.25% tax on the sector
The gems and jewellery trade is fully prepared for the GST regime, to be implemented from July 1, industry body GJF said today and hoped that the…
GST pressure pushes e-commerce giants to offline market to sell smartphones
Two of the country’s largest marketplaces, Amazon and Flipkart, are set to push sales of their online exclusive smartphones through brick-and-mortar…
Kumar Rajagopalan aims early roll out of GST
As Finance Minister Arun Jaity is about to pronounce Union Budget 2017 Retailers Association of India has expressed(RAI) their opinion.    "We…
Union Budget 2017: An after event of demonetization..
The Budget 2017 will come in the shadow of demonetization and upcoming GST. It will also be presented just before elections for legislative…
State FMs want lower threshold of Rs 10 lakh for levying GST
New Delhi: State Finance Ministers on Wednesday pressed for lowering the threshold limit to Rs 10 lakh for imposing Goods and Service tax (GST) on…
Govt hopes to finalise GST contours this year, says FM
By PTI     New Delhi: Committing to expeditiously rolling out Goods and Services Tax (GST), Finance Minister Arun Jaitley today said a…
Bad taxes like cess, surcharge need to go: Economic Survey
By PTI   New Delhi: The complex taxation system needs a revamp through new laws, GST and DTC, as "bad taxes" like surcharges, cess and dividend…
Roll out GST, reduce subsidies, World Bank advises India
Via PTI New Delhi: Ahead of the Modi-government's first budget, the World Bank suggested that India should roll out GST, reduce subsidies and…