E-commerce platforms and the vendors who sell on them will soon have to mandatorily declare the minimum retail price, net quantity and grievance redressal procedure on all packaged goods, as the Centre is planning to amend the Legal Metrology (Packaged Commodities Rules)-2011.The amendments would be enforced through an official notification expected to be issued in the next few weeks. Post the amendments, the director, controller legal metrology officer would be empowered to take action against the company or vendor or even the e-commerce platform for any violation as per the Packaged Commodities Rules-2011.The e-commerce companies as well as the platforms like Amazon and others would have to comply with declarations required under the amended rule. "The amendments have been framed because we have received many complaints that consumers weren't provided the same goods as mentioned in the packages and also inadequate information were furnished by some companies on their packages," a ...
Consolidation in the space will hurt jobs
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For Indian ecommerce players, the proposed tax collected at source (TCS) on them under the much awaited goods and services tax (GST) being capped at one percent, failed to bring much cheer into the sector marred by valuation tumbles and massive layoffs.According to industry experts, while the government is on the right track with the decision GST Council to capping the percentage, the problem is with TCS itself.The draft law proposed a levy of one percent without any limit and also saidthat the cap in the law would ensure the levy remains below that level.Manyecommerce companies said that the whole concept of tax collection at source isflawed and just capping the percentage would not solve any problems. "We enableseveral lakh small and medium business to digitization their businesses andbecome part of the formal economy both online and offline. GST is a welcomepiece of tax legislation and accelerates our ability to extend economicinclusion to the masses of India. But we feel that we ..
Fashion etailer aims to cut product returns and enhance user experience with the help of technology
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Amazon trains store owners to help customers browse its website on a PC and buy products online