Sector specific provisions required in GST: Report
The Dollar Business Bureau In Goods and Services Tax (GST) framework, sector-specific provisions are required to create transparency in treatment of tax in transactions of online marketplace, a report said on Thursday. "GST, which is based on the concept of ‘one tax, one market’ should be a welcome initiative for online marketplaces. To form clarity with regard to treatment of tax on online marketplace transactions, sector-specific provisions are required to be implemented in the GST regime," said the report jointly released by PwC India and Internet and Mobile Association of India (IAMI). "The firms will need to follow the approach of whole of business for impact assessment and implementation of GST; in which business and tax advisory teams can together work to offer ...
Digital platforms will enhance banks reach-out capability: Report
The Dollar Business Bureau The creation of digital environment is now a priority for all banks and they need to undergo considerable investment for achieving complete transformation. This was stated in a Confederation of Industry (CII)-PricewaterhouseCoopers (PwC) joint study report titled ‘Banks taking a quantum leap through digital’, released at the CII National BANKing TECH Summit in Mumbai on Tuesday. Stating that the digital intervention is reality in today’s banking business, the CII-PwC report urged banks to adapt and respond to the digital intervention process to stay ahead in competition. The digital foregrounds have already shown the banking industry ways to develop new business models to attract customers and the digital platforms will change the entire eco-system of the ...
