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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...

Foxconn seems not pleased with Nokia’s legal and financial crisis. With regards to taking over Nokia’s Chennai production plant, the Taiwanese multinational electronics contract manufacturing company, has laid down certain conditions, which include freedom from all financial and legal liabilities of the plant. The plant which is in the middle of a INR 21,000-crore tax liability dispute with the government would need its backing in order for the terms to go through. Some of the other key demands include Nokia seeking to convert part of the Special Economic Zone (SEZ)...