The Finance Ministry Thursday notified TCS at the rate of 0.50 percent of the net value of intra-state taxable supplies made through the e-commerce portals by other suppliers in the Central Tax law.
The draft policy, which was expected to be released by the last week of August, had attracted a lot of criticism
The Indian e-commerce market is expected to grow from $38.5 billion in 2017 to $200 billion by 2026, while in the next three years it would add more internet users than G7 countries.
Absence of any detailed guidelines have left many companies anxious as they are still not clear about what constitutes profiteering
The second episode of season two of the Moneycontrol Show.
The draft e-commerce policy proposed by the government is likely to disappoint online consumers.
The internet, technology and innovation policy expert will work to ensure better coordination between the association and its various stakeholders.
Nearly half of this will be driven by Facebook, amounting to a $110 billion sales opportunity
Major companies are pushing premium brand offerings on their platforms
E-commerce companies fear that the additional levy of tax collected at source (TCS) will increase compliance burden
Moneycontrol's Anchal Pathak talks to the founder of lingerie retail brand PrettySecrets about his business, life and some hacks for budding entrepreneurs.
By 2022, the sector is expected to be worth USD 71.94 billion.
Attrition among delivery staff has risen to 34 percent in 2017 from 29 percent in 2015
Google's parent company could invest USD 1 to 2 billion in Flipkart after it is acquired by Walmart.
The leadership of Flipkart recently discussed Amazon and Walmart proposals and feel the latter would be able to complete the deal comprehensively.
The deal is the latest salvo in the intensifying turf battle between tech heavyweights Alibaba and Tencent in the fast-growing Chinese markets for online food ordering and digital payments.
The investment will value Flipkart at about USD 20-22 billion.
The government is could soon put a clamp on the number of counterfeit products sold through online marketplaces.
BigBasket founder-CEO Hari Menon also said the company is looking at a subscription model for milk, bread and other essential items.
The website and app will connect multiple vendors directly to consumers, eliminating the need for middlemen.
Under the Fund of Funds for Startups, 75 startups have received funding to the tune of Rs 337.02 crore.
Redseer this week ranked home-grown e-commerce firm Flipkart over global rival Amazon as the most trusted brand in online retail in India.
In a short span of ten years, India’s e-commerce growth has seen interesting days, where in addition to entrepreneurs, consumers have also evolved...
Even though Amazon marketplace has refrained from giving explicit numbers, it has claimed to be the largest marketplace in the country, following its four-day festive season sale last month.
Shopclues ex-CEO Sandeep Aggarwal had filed an FIR against the company’s other two co-founders Radhika Ghai and current CEO Sanjay Sethi, earlier this month.