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Zomato gets Rs 11.82 cr tax demand notice

The order was passed by the Additional Commissioner, Central Goods and Services Tax, Gurugram, raising the GST demand of Rs 5,90,94,889, with applicable interest (not quantified) and penalty of Rs 5,90,94,889New Delhi: Online food delivery platform Zomato has received...

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...

Logistics: What the industry says about Budget 2023

Reactions from industry captains on announcements in the current budget that will have a bearing on the logistics operations of retail businesses New Delhi: Union Finance Minister Nirmala Sitharaman presented the Union Budget 2023, the fifth budget of Modi 2.0 on...

MSME: What the industry says about Budget 2023

Reactions from industry captains on MSME-related announcements in the current Budget that will have a bearing on allied retail businessesNew Delhi: Union Finance Minister Nirmala Sitharaman presented the Union Budget 2023, the fifth budget of Modi 2.0 on February 1, 2023. In the...

Retailers seek tax cuts to fight cheap smuggled items

To counter the high demand for smuggled and counterfeit products, FRAI sought tax cuts on daily use consumer goodsGuwahati: The Federation of Retailer Association of India (FRAI) Tuesday sought tax cuts on daily use consumer goods to counter the high...

No tax levy if cash payment for goods, services is less than Rs 2 lakh, clarifies CBDT

CBDT has issued a new circular clarifying that the Tax Collected at Source (TCS) levy will not be applicable when cash part of the payment for certain goods or services is less than Rs 2 lakh, even when the...

PVR announces Q3 result

PVR Limited has announced its unaudited standalone financial results for the third quarter ending December 31st, 2009.Total consolidated revenues for the quarter ended December 2009, were Rs.11,428 lakh as compared to Rs.8,965 lakh during the same perdiod last year,...

Impact of the proposed tax regime

As a leading player of the Indian supply chain and logistics sector, we find the Union Budget 2009 praiseworthy. This Budget is fundamentally strong and has been designed keeping in mind the overall good of the economy and the...

CAIT protests ICRIER report; calls it biased

Protesting the remarks made in the ICRIER report stating 'unorganised retailers normally do not pay taxes and most of them are not even registered for sales tax, VAT or income tax', a large number of traders from the Confederation...

Goods once sold ‘will be’ taken back or exchanged

Note on cash memos and bills reading `goods once sold will not be taken back or exchanged', will not be seen anymore in Kerala, as the state government has directed traders and retailers to stop carrying this announcement, according...
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Dodla Dairy Q1 profit up 86% to Rs 65 crore

Total income increased to Rs 918.53 crore during April-June period of 2024-25 fiscal year from Rs 830.65 crore in...
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