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Clues by NC Team • 7 Aug 2019, Wednesday

Amazon exclusive consumer electronics maker, BPL India has decided to sell through Flipkart in a bid to reach out to newer consumers and also accelerate growth rate at a time when consumer spending on white goods is slowing down. With this, BPL will now sell through both Amazon and Flipkart who together control over 80% of online sales of consumer electronics in India. BPL has just listed its television and washing machine on Flipkart.

Read More at The Economic Times
Clues by NC Team • 7 Aug 2019, Wednesday

Reliance Industries and BP have agreed to set up a 51:49 joint venture to operate their fuel retailing business, targeting setting up 5,500 filling stations in five years and offer home delivery of fuel. Reliance Industries chairman Mukesh Ambani and BP group chief executive Bob Dudley signed heads of agreement for the venture in Mumbai on Tuesday. BP obtained a licence to market transportation fuel in India three years ago but didn’t begin. BP already has stake in RIL’s upstream business. 

Read More at The Economic Times
Clues by NC Team • 26 Jul 2019, Friday

The government said select BPO services will qualify as exports and therefore won’t be subject to GST. The AAAR in Maharashtra held that back-office support services didn’t qualify as “export of service” and were in the nature of arranging or facilitating supply of goods or services between overseas companies and customers. It said these fell in the category of intermediary services and were liable to 18% GST. The CBIC circular clarified that unless there is a clear facilitation of services, BPO services will not be considered intermediary as long as the provision of service is on its own account. 

Read More at The Economic Times
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