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Income Tax: CBDT releases circular on 1% TDS on e-commerce transactions. Details here

The deduction of 1% TDS is meant to be made at the time of credit of the amount of sale or service to the account of e-commerce participant. The confusion, however, arises when there is more than one e-commerce operators. The CBDT has released a circular to clarify doubts pertaining to this. ....

Network For Digital Commerce , Central Board , Direct Taxes , Open Network , Digital Commerce , Income Tax , Digital Payment , Income Tax Provisions , Tds One Commerce Transaction , 1 Tds One Commerce ,

Tokopedia releases online shopping trends in 2023, what's the best selling?

The online shopping application Tokopedia has released a list of the best-selling products | jouron ....

Jakarta Raya , Head Of Communications Tokopedia Aditia Grasio Nelwan , Bank Indonesia , Indonesian Ministry Of Industry , Communications Tokopedia Aditia Grasio Nelwan , Indonesian Ministry , Online Shopping ,

Ecommerce: Govt extends export benefits under RoDTEP scheme to ecommerce exporters

The scheme for Remission of Duties and Taxes on Exported Products (RoDTEP) provides for refund of taxes, duties and levies that are incurred by exporters in the process of manufacturing and distribution of goods and are not being reimbursed under any other mechanism at the centre, state, or local level. ....

Piyush Goyal , Districts As Export Hubs Initiative , Indian School Of Business , Offering College , Technology Leadership , Exported Products , Directorate General , Foreign Trade , Tech Prowess , High Value Skill , Industry Minister Piyush Goyal , Foreign Trade Policy , Export Hubs , E Commerce Exports ,

Alibaba: New York judge rules against Alibaba in Squishmallows counterfeit sales lawsuit

A New York court ruled against Alibaba in a lawsuit brought by a U.S. toymaker over alleged counterfeit sales of Squishmallows on Alibaba s platforms. Judge Furman rejected Alibaba s dismissal request, noting persistent fake toy sales despite prior legal actions. The court found the claims plausible, denying Alibaba s motion. This marks a crucial point in addressing alleged counterfeit sales on major ecommerce platforms. ....

Disclaimer Statement , Economic Times , Counterfeit Squishmallows , Kelly Toys Holdings , Judge Jesse Furman , New York Court , Alleghany Corp ,

Ecommerce: Working with RBI, other ministries on steps to promote ecommerce exports: DGFT

Director General of Foreign Trade (DGFT) Santosh Kumar Sarangi said that huge export opportunities are there in the ecommerce sector. The new FTP (foreign trade policy) 2023 has raised the value limit of ecommerce exports through couriers from Rs 5 lakh to Rs 10 lakh per shipment. ....

Niryat Kendras , Department Of Revenue , Technology Leadership , Offering College , Indian School Of Business , Director General , Foreign Trade , Santosh Kumar Sarangi , Tech Prowess , High Value Skill , Data Science For ,