Swiggy, Zomato May Shift Higher Tax Burden To Delivery Partners, Customers: Reports
The reports note that the move is likely to reduce the earnings of delivery workers in the immediate term
Companies
E-commerce & Marketplaces
Consumer
Economy
Blue Economy Boost: GST Net Cuts Costs Across Fisheries Value Chain
- by BW Retail World Bureau
- September 4, 2025
The move will help in the reduction of operational costs, enhance competitiveness in domestic and export markets
Companies
Consumer
Fashion & Lifestyle
CMAI Warns Of ‘Body Blow’ To Garment Manufacturers Ahead Of GST Meet
- by BW Retail World Bureau
- September 3, 2025
The body says that if the domestic sector is also hit by such an unprecedented price increase in large product categories, it will spell the death knell for the industry
Companies
National
News
Congress Proposes Tax Relief For MSMEs In Its Manifesto
- by Abhishek Sharma
- April 6, 2024
“We will eliminate the “angel tax” and all other exploitative tax schemes that inhibit investment in new micro and small companies and innovative startups,” says Congress Ahead of crucial general elections, the Congress party, India’s main opposition in its manifesto has proposed a tax relief on micro, small and medium enterprises (MSMEs) owned by individuals […]
E-commerce & Marketplaces
Finance
Food & Beverage.
Government
News
States
Zomato Receives Fresh GST Notices For Rs 4.2 Cr
- by BW Retail World Bureau
- January 1, 2024
Food delivery platform Zomato revealed on Sunday that it has been served with notices from tax authorities in Delhi and Karnataka regarding purportedly insufficient payment of goods and services tax in 2018, amounting to Rs 4.2 crore. Zomato, in a filing with stock exchanges, stated its intention to contest the tax demand notices and emphasised […]
Feature
National
News
Gold Prices Hit Six-Month Peak Amid Dollar Decline, Speculation Of Fed Rate Cut
- by Tarannum Manjul
- December 1, 2023
In a significant market development, gold prices soared to a six-month high on Wednesday, propelled by a weakening US dollar and growing expectations of an impending reduction in the key policy rates by the US Federal Reserve. Spot gold saw a notable surge, trading at USD 2,041.55 per ounce, reflecting a 1.4 per cent increase […]
International
News
Gasoline Tax Cut In Israel To Help Combat Rising Prices
- by BW Retail World Bureau
- July 31, 2023
Israel’s Minister of Finance Bezalel Smotrich has signed orders reducing the excise tax and purchase tax imposed on gasoline. The orders state that during the month of August 2023, a purchase tax and excise tax in the amount of 2,582.35 Shekels (USD 700) per thousand litres (264 gallons) will be applied to gasoline, so that […]
News
MCD Seals ‘Paradise Mall’ In Rajouri Garden For Non-Payment Of Property Tax Dues Of Rs 3 Cr
- by BW Retail World Bureau
- March 28, 2023
In its ongoing drive against property tax defaulters, the Municipal Corporation of Delhi (MCD) on Monday sealed the ‘Paradise Mall’ in Rajouri Garden. According to the civic body, a property tax due of around Rs 3 crore was outstanding against the owners of the mall. “The property owners failed to pay the outstanding property tax […]
Electronics
News
Centre Lowers Customs Duty On Import Of Specific Electronics Parts
- by BW Retail World Bureau
- February 1, 2023
The Finance Minister Nirmala Sitharaman said that the government will grant customs tax reduction on the import of specific parts such as camera lenses and concessions on the import of lithium ion batteries to stimulate mobile phone manufacture in India. During her Budget 2023-24 statement on Wednesday, Finance Minister Nirmala Sitharaman reduced customs taxes for […]