Saturday, February 1, 2020

Govt's tax move on e-commerce cos likely to raise compliance costs

On Saturday, the union government mandated online marketplaces, which includes companies like Flipkart, Amazon, Uber and UrbanClap, to deduct 1% tax at source https://ift.tt/2tkEiiV https://ift.tt/eA8V8J

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Counterpoint: India's smartphone shipments fell 3% YoY in Q1 2026, a six-year low, as price hikes weigh on sales; 80+ smartphone models saw price hikes of ~15% (Abhinav Parmar/Reuters)

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