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Now, the government has ramped up its operations to implement it in the countryís tax regime. As per the governmentís plan, it will roll out the newly passed bill by April 1, 2017.
The logistics and transportation industry in India is worth $130 billion annually, and contributes to 4.7per cent to the countryís GDP. However, it is mostly unorganised and fragmented due to different tax structures at the state level.
No doubt the much awaited GST implementation with surely effect many industries including retail. Retailer Media caught up some of these industry professionals to know more how the newly made amendments will impact them and their industry as a whole.
TNCCI has showed its concern if the states adopt the bill then small retail trade units will be taking an exit route.
The bill also calls in for safety and security of women, especially those who want to opt for night shifts.
The Union Budget 2016-2017, presented by Finance Minister Arun Jaitley in parliament, is out and experts say that there is a lot more that could be done.
Itís just a matter of few days and our Finance Minister Arun Jaitley will unveil the much awaited Union Budget for the coming fiscal.
The budget has proposed changes in the Service Tax in some certain e-commerce transactions that involve aggregator model, which may impact online aggregator taxi services.
Railway Minister, Suresh Prabhu has introduced a lot of initiatives that will benefit the Retail industry relating to food catering, eCommerce and home service.
Parliament was informed about CCI receiving complaints against e-tailers involved in unfair trade practices through online schemes and offers.
Trade between India and Singapore rose substantially to SGD 25.5 billion last year from SGD 16.6 billion in 2005, after a bilateral agreement between the two countries was signed in 2005, as reported by PTI.