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Tag: foreign

India changes digital tax form to include new levy on foreign e-commerce companies, Retail News, ET Retail

The income-tax department has introduced changes to the form used to pay equalisation levy, to include the option of paying up the new 2% levy on digital transactions conducted in India by foreign e-commerce companies. The new levy was introduced in the Union Budget and was made effective from April 1, with the first instalment …

India changes digital tax form to include new levy on foreign e-commerce companies, Retail News, ET RetailRead More

Colour codes likely for desi, foreign products, Retail News, ET Retail

NEW DELHI: With an eye on Chinese products, the government is looking to mandate separate colour codes for all domestic and foreign-made goods, on the lines of green and red dots for vegetarian and non-vegetarian food items, while separately summoning e-commerce players to insist on immediate disclosure of the source of products sold on these …

Colour codes likely for desi, foreign products, Retail News, ET RetailRead More

Buying from foreign ecommerce sites may get costlier, Retail News, ET Retail

MUMBAI: The government may consider introducing a prepaid tax and customs model for cross-border transactions, a move that could make buying products from foreign ecommerce platforms costlier. Chinese and other foreign ecommerce platforms, while shipping products to Indian customers, would have to pay the tax and customs duty through a government IT system and can …

Buying from foreign ecommerce sites may get costlier, Retail News, ET RetailRead More

Things that should worry foreign investors after the Bezos episode, Retail News, ET Retail

By Mihir Sharma In most places, government ministers would be happy to hear that someone intends to invest a billion dollars in their country. Not in today’s India. Late last week, Amazon.com Inc.’s Jeff Bezos announced that he would be pumping another billion into the online retailer’s India arm; in response, India’s commerce minister, Piyush …

Things that should worry foreign investors after the Bezos episode, Retail News, ET RetailRead More