In August, the Donald Trump administration announced 50% tariffs on US imports of Indian products. (AI image) India is set to ramp up imports of Russian crude in the coming months at a time when the US has imposed 25% additional tariffs on it for Russian oil trade. Indian refiners plan to increase Russian oil…
Missed the big online sales for your favourite festive buys? Don’t worry, the offers haven’t ended yet!Experts expect another wave of discounts, cashbacks, and easy EMI options as the festival of lights draws closer.September to November is the busiest time for India’s leading e-commerce platforms. Online marketplaces aim to grab maximum attention, while banks compete…
In a major relief to the consumers, the commerce and industry ministry has asked retail chains to clearly display and advertise discounts arising from the recent rationalisation of GST rates, directing them to pass on the benefit to final buyers ahead of the festive season.In a communication to the Retailers Association of India, the Department…
The Central Board of Indirect Taxes and Customs (CBIC) clarified that post-sale discounts offered by manufacturers to dealers, aimed purely at competitive pricing and driving sales, will not attract Goods and Services Tax (GST).In a circular, the board further explained that GST would, however, apply if such discounts are linked to specific promotional services carried…