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#No GST On Gifts Up To Rs 50,000 Given By Employers; Businesses Need To Display GSTIN On Signboards!

Under the GST regime, there was some confusion on the aspect of gifts and perks, given by an employer to an employee, which is part of Cost To Company (CTC), and maybe subjected to performance. Clearing doubts, Govt. has issued notification, which states that gifts up to Rs 50,000 / year given by an employer to an employee is exempted from GST. This means that companies can now pass on incentives, perks, and gifts to employees till Rs 50,000, without paying any tax. However, Govt. has laid out some guidelines…

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#Govt Approves Amazon’s $500 Mn FDI Proposal In Food Retail; Sector All Set To Face Stiff Competition!

Since 2014, Amazon India had expressed their desire to grab a share of the lucrative yet hyper-competitive food retail market in India. Last year, they launched Amazon Now, a hyper-local delivery service in Bangalore, which was basically a partnership with Big Bazaar, Reliance Fresh, Godrej Nature’s Basket, BPCL In & Out, Food World and Good Food for delivering groceries and food items. However, the objective was to gain experience and insights into the food retail business, which Amazon desperately wanted to crack. Even as Amazon Now was expanded to Delhi, Mumbai, and they pledged investment…

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#Delhi Govt. Wants To Ban UberPool & OlaShare; Planning To Launch Their Own App Based Bus Hailing Service

You must have heard and read about the advantages of cab sharing in a metro – less pollution as less cars are on the road, less fuel consumption, and less expenses for the consumers. It is a win-win situation, and thanks to apps like Uber and Ola, cab sharing is indeed picking up momentum across India. But it seems Delhi Govt. has some other plans. As per reports coming in, it seems that AAP led Delhi Govt. will soon ban all cab sharing services across New Delhi, and the reason…

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#Zero Liability For Customers in Case of Fraud Online Transactions, Except For Customer Negligence

Twice in the 2 months, Reserve Bank of India (RBI) has taken a proactive approach in dealing with fraud bank transactions via online medium. On June 1st, RBI had declared that Rs 5000 shall be the maximum liability for consumers in the case of bank transactions fraud. But now, RBI has issued a new notification wherein consumers have been empowered, even more, providing them with an extra safety net in case of bank transactions fraud. And the news is good for all bank customers but bad for banks. Zero Liability For Consumer…

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#8 Indirect Taxes That Are Not Covered Under GST!

The four-day-old GST Nation might be struggling with the new taxes and rules, but here are a few things that you need to know. The Prime Minister may have announced the ‘One Nation One Tax’ propaganda, but there are still a number of indirect taxes which the GST doesn’t cover. There are several taxes which are going to be levied by the local bodies, and the GST is not going to cover them. Here are the 8 such taxes which are not covered under GST Taxes Which are not covered under GST…

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#Foxconn To Invest $5 Billion in India; India Will Be a Parallel Manufacturing Hub To China : GST Effect

Taiwan-based World’s largest electronics contract manufacturing company: Foxconn, already manufactures around 4 million handsets in India, for companies like InFocus, Oppo, Xiaomi, Nokia and Gionee. It seems that this was only a start. As per latest information coming in from the company, it has been revealed that the implementation of GST across India has instilled confidence within the company, and in the coming months, they have planned massive investment in India to scale up their operations. $5 billion or Rs 34,000 crore has been earmarked for investments by Foxconn in India, and one…

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#7 Major GST Myths Busted; Here Is How Indian Companies Are Faring On Day #3 Of GST Regime

GST regime is now live across India, and as expected, there are loads of confusion and myths related to the new tax structure across India. Sensing the need and understanding the confusion ensuing all around, Revenue Secretary Hasmukh Adhia came out in the open and issued clarifications to clear all doubts. Here are the 7 Mythbusters issued by the Govt.: Myth #1: All invoices need to be generated by computer under GST Reality Check: No, invoices can be generated manually as well, as long as GST is mentioned in it Myth #2: The…

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#Watch the trailer for Terminator 2: 3D

Arnold wasn’t kidding when he said he’d be back. James Cameron’s 4K 3D conversion of Terminator 2: Judgment Day will get a theatrical release this August, and the first trailer promises that it’ll be like seeing the sci-fi classic for the first time. In the trailer, which plays more like a featurette, Cameron notes that many of the fans weren’t even born when the movie originally hit theaters in 1991. “The images feel more real in 3D,” he said. “There’s a lucidity to it. You really feel like you’re there.” A…

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#Now it is Mandatory to provide Expiry Date, MRP by Law for Every Product Sold Online

A few months back, Food Safety and Standards Authority of India conducted a survey among consumers at LocalCircles, an online citizen engagement platform, regarding the quality of products sold online. Whooping 98% of 7000 people surveyed informed that products bought online are those whose expiry dates are very near, or are already expired. This is, of course, wrong on so many counts. Yatish Rajawat, chief strategy officer at LocalCircles, asked a very logical question: “How do marketplaces manage to sell expensive and imported olive oil at a discount? These are…

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#All You Need To Know About High Blood Pressure

The heart is a muscular organ that pumps blood to the entire body through a network of arteries and veins. This network contains big vessels which branch out further to supply blood to the distant organs. There is, therefore, some pressure that the heart and thereby the vessels need to exert to push the blood through these vessels. This is known as blood pressure, and normal pressure levels range from 90-140(systolic)/60-90(diastolic) mm of Hg. However, due to various reasons, this pressure could be more, which is one of the first…

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