E Commerce Companies Seek Exemption From GST

E Commerce companies such as Flipkart and Amazon have sought exemption from the proposed GST regime. Contesting on the point that online marketplaces only provide a ‘platform’ to vendors and customers and do not make money out of sales, E Commerce companies have asked the government not to bring them under the ambit of the GST. According to representation made at the first meeting of the Empowered Committee of State Finance Ministers held after the Parliament approved the GST Bill, companies like Flipkart, Amazon India and Snapdeal are only ’service...

Snapdeal Gears Up With ‘Gold Service’ To Take on Amazon, Flipkart

With the Snapdeal Gold service customers will enjoy facilities free shipping, free upgrade to next-day-delivery and extended purchase protection. The service, to be free for customers, will be available when a user pays for their purchase through Net banking, credit/debit card, EMI or wallet at the time of booking the order, Snapdeal said in a statement. The company also revealed in their registered website that only 100 per cent pre-paid modes of payment are eligible to be upgraded to Snapdeal Gold. As of now, orders paid through prepaid modes of...

Big Bazaar Partners With Snapdeal For Maha Bachat Days

Snapdeal today announced that its partnership with Future Group is now live for Big Bazaar’s annual Maha Bachat Sale. As part of this partnership, Big Bazaar’s Maha Bachat deals will now be available online exclusively on Snapdeal from 13th to 17th August, 2016. The partnership between Snapdeal, India’s largest online marketplace and Big Bazaar, India’s largest hypermarket chain, leverages the massive reach of Snapdeal and the wide assortment that Big Bazaar offers through its hypermarkets. Commenting on the partnership, Tony Navin, Senior Vice-President, Partnerships and Strategic Initiatives, Snapdeal, said “We...

Amazon, Flipkart, Snapdeal Under Fire For Flouting FDI Norms

India’s three best known brands in e-commerce have come under fire from CAIT (Confederation of All India Traders) for violating the forms prescribed for FDI related entities in the company. According to the CAIT, Flipkart, Amazon, and Snapdeal have contravened the government’s FDI policy, which prevents securing investments from abroad in entities working on an inventory based model in the area, and a complaint has been made with the DIPP. One may even recall that in March this year, the government had allowed e-commerce entities to avail 100 per cent...

Xiaomi India Hires Snapdeal’s Raghu Reddy As Head Of Online Sales

Xiomi India has roped in Snapdeal’s ex senior director, Raghu Reddy as head of online sales. Previously, Reddy was heading Snapdeal’s mobile and tablet business. This is a big step by Xiaomi as the company mentioned earlier that they were unaware of their popularity in the country and did not estimate the proportion of sales. This led them to manufacture more handsets just to meet the requirements in India alone. Later they went ahead to launch new handsets in the country, which again went in their favor, and Xiaomi managed...
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