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Govt accuses Flipkart, Amazon of violating FDI norms in e-commerce; says e-tailers try to influence prices of goods
Fp Staff •The government had made it clear that it would not extend the deadline of 1 February for implementing the revised guidelines for e-commerce companies having FDI.
Walmart may move out of Flipkart after changes in FDI norms for e-commerce firms, warns Morgan Stanley
Fp Staff •Walmart-backed Flipkart on 1 February had said it was disappointed with the government's decision to implement the changes in rules for e-commerce companies with foreign investment in "haste".
Amazon, Flipkart urge govt to extend 1 February deadline for revised FDI norms compliance
Fp Staff •The revised policy on FDI in online retail said that these firms have to offer equal services or facilities to all its vendors without discrimination.
E-commerce companies to deduct 1% TCS under GST from 1 October; 'unfair liability imposition' says trade body
Fp Staff •TCS provision would increase compliance burden for e-commerce companies but help government in checking tax evasion.
Amazon tests out Prime Wardrobe, a 'try before you buy' service
Fp Archives •Like Amazon's voice-controlled camera, the Echo Look, and an accompanying app that recommends which of two outfits is best, Prime Wardrobe has the potential to offer the retailer insights on which fits and styles shoppers prefer.
Firms gearing up for the GST launch with new software to help file tax returns
Fp Archives •Major software and service players, IT companies and tax advisers are teaming up to market GST compliance products to firms large and small.