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Sources said that the Union revenue department is monitoring whether taxes have been commensurately cut on daily-use FMCG products, from shampoos to pulses
Many ecommerce platforms are said to have cited ‘technical glitches’ when discrepancies in pricing were pointed out by authorities
This follows the GST Council, earlier this month, rationalising GST tax slabs and trimming the four-tier structure down to two slabs, and introducing a steep 40% bracket for “sin”…
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Sources said that the Union revenue department is monitoring whether taxes have been commensurately cut on daily-use FMCG products, from shampoos to pulses
Many ecommerce platforms are said to have cited ‘technical glitches’ when discrepancies in pricing were pointed out by authorities
This follows the GST Council, earlier this month, rationalising GST tax slabs and trimming the four-tier structure down to two slabs, and introducing a steep 40% bracket for “sin”…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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