Retail
ITAT backs Flipkart, says discounts are deductible expense
26 Apr 2018
In a ruling that has wide ramifications especially for ecommerce, the Income Tax Appellate Tribunal has rejected the revenue department’s stand that discounts given by Flipkart should be reclassified as capital expenditure and taxed as such
Amazon working on ‘Vesta’ home robots: reports
24 Apr 2018
Duty-free shops at airports to charge GST
24 Apr 2018
Walmart, eBay to hold talks over Flipkart; SoftBank holding out
18 Apr 2018
Walmart might have to negotiate with eBay, which holds a 5 per cent stake in Flipkart, to thrash out merchandising issues. Meanwhile SoftBank, which owns 20 per cent of Flipkart, is said to be holding out for a better price
US Supreme Court to decide on sales tax for online transactions
18 Apr 2018
The US Supreme Court commenced hearings on Tuesday to decide whether online merchants have to collect sales tax irrespective of where they are located
Walmart-Flipkart deal almost through
12 Apr 2018
Walmart completed its due diligence on Flipkart and has proposed acquiring 51 per cent of the stocks for between $10 billion and $12 billion
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