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Tamil Nadu’s tax officials have put on hold their plans to amend the state’s value added tax (VAT) laws which were aimed at taxing e-commerce transactions, as the new uniform goods and services tax (GST) expected to come into effect by April 2016. A commercial taxes official in Tamil Nadu told TOI that with GST […]

The new service tax rate of 14% will come into effect from June 1, in a move that will make eating out in restaurants, insurance and phone bills expensive, among many other things.The service tax is currently levied at the rate 12.36%, including education cess. In his budget speech, Jaitley had said that to facilitate […]

E-commerce start-ups have identified a new way to differentiate themselves from the already cluttered online spacethey’re giving customers a chance to turn entrepreneurs through their platform. Apparel brand Freecultr, which operates both online and offline stores, recently launched ‘FREECULTR Express’, a crowd-sourced design platform that allows people to create and sell t-shirts through their tee-store […]

Analysts see this an attempt by these local firms to create a vast business space using their deep pockets to keep potential competition at bay.

The Retailers Association of India (RAI) has opposed the invitation for stakeholders’ consultation meeting on FDI policy in e-commerce sector, saying that retail should be classified on the basis of category of goods and services provided and not on the basis of channels like brick and mortar stores or e-commerce. “We, at RAI, believe that […]