Latest news with #Goods
India Today
2 days ago
- Business
- India Today
GST shock for Karnataka vendor raises concerns among small UPI users
Imagine selling vegetables on a street corner for four years and then suddenly getting a tax notice asking you to pay Rs 29 lakh. That's exactly what happened to Shankargouda Hadimani, a small vegetable seller from Haveri, runs a tiny stall near the Municipal High School grounds. Most of his customers pay him using UPI or other digital wallets. It's quick, easy and saves him from handling too much cash. But this digital trail has now landed him in the Goods and Services Tax (GST) officials sent him a notice claiming he made transactions worth Rs 1.63 crore over four years and now owes Rs 29 lakh in GST. But here's the twist, fresh vegetables are exempt from GST. So, why did he get such a huge tax bill?EXEMPT, BUT NOT SPARED 'GST is not charged on the sale of fresh fruits and vegetables (except if they are packaged or labelled),' explains Harpreet Singh, Partner at Deloitte. 'However, when payments are made through banks or digital channels, tax officials closely review these transactions. If a seller's total sales go beyond a certain limit, the tax department may ask for proof and records to verify the business. This is why small vendors selling exempted items like fresh vegetables sometimes receive tax notices asking them to justify their sales.'For small vendors like Shankargouda, this can be a nightmare. Many don't know how to keep detailed records. They earn daily, spend daily and rarely hire TRAIL BECOMES A SOFT TARGETSundeep Gupta, Partner - Accounting and Business Support at Baker Tilly ASA India, says, 'Digital payments leave behind a clear transaction trail, an easy target for tax authorities eager to flex their powers. While scrutiny is not inherently wrong, issuing tax notices based solely on aggregate transaction volumes, especially to street vendors, is reckless and unjust.'In simple words, because Shankargouda accepted UPI payments, tax officials could see all the money flowing in and out. This should be a good thing, but instead, it turned into a Gupta adds, 'In this case, the sale of fresh fruits and vegetables, explicitly exempt from GST unless processed, was flagged simply because it showed up in a digital trail. This is not just a technical oversight; it's a failure of basic due diligence. These vendors often lack legal awareness, access to tax professionals, and the financial means to defend themselves. Penalising them without proper checks is not enforcement, it's exploitation.'DIGITAL PUSH NEEDS A REALITY CHECKSiddharth Surana, a GST Consultant, says that cases like this show the changing face of GST in India. 'The case of the Karnataka vegetable vendor illustrates the evolving landscape of GST, which is transparent, data-driven and encourages more formalisation of the economy,' he explains.'UPI has been one of the success stories of the Digital India campaign. UPI has enhanced the traceability of transactions and, in recent times, there has been sharing of UPI data with the tax authorities. This has led to several persons receiving notices even though they are not presently registered under GST,' Surana adds that while the goal of widening the tax base is good, it is also true that small vendors often do not have the systems or knowledge to handle complex GST rules. 'For such individuals, the transition from informal to formal systems can be overwhelming, both administratively and financially. Many of these vendors are unable to deal with the compliance burdens and find it unviable to meet the costs of compliance,' he explains.A RISK TO CASHLESS INDIAThis incident shows why small traders might stop taking UPI payments out of fear. Many would rather handle cash than deal with confusing tax demands. This goes against the government's aim of building a cashless such GST notices continue, many honest vendors will think twice before using digital payments. Customers too may find it harder to pay small sellers without believe it may be time for the government to rethink the GST threshold for registration and reporting. Siddharth Surana says, 'There is a need to revisit the GST thresholds for registration. There is also a need to increase taxpayer education, especially among new entrants to the GST universe, to increase acceptability of GST.'If this does not happen, many small traders will lose trust in digital payments, and India's dream of a cashless economy may take a big step backwards.- EndsMust Watch
Al Bawaba
11-07-2025
- Business
- Al Bawaba
Goods and Services
Goods and Services July 10th, 2025 - 05:39 GMT July 10th, 2025 - 05:16 GMT July 10th, 2025 - 05:04 GMT July 10th, 2025 - 04:59 GMT July 9th, 2025 - 04:55 GMT July 9th, 2025 - 04:33 GMT July 9th, 2025 - 04:24 GMT July 8th, 2025 - 04:27 GMT July 7th, 2025 - 10:13 GMT July 7th, 2025 - 08:37 GMT July 6th, 2025 - 04:34 GMT July 4th, 2025 - 06:34 GMT
Business Insider
08-07-2025
- Business
- Business Insider
Our all-time favorite pillow from Coop is 20% off for Prime Day
As Amazon Prime Day kicks off, why not celebrate with a new pillow? We've tested and reviewed dozens of the best pillow, but one stands out from the rest: The Coop Sleep Goods Original Pillow. This adjustable pillow is filled with shredded memory foam to be over-stuffed or condensed to your liking. For Prime Day, it's a steal at 20% members of the Reviews team have tried and loved the Coop pillow over the years, with a general consensus that is absolutely deserves its position in the best overall spot. I finally tried it myself recently, and I think it's the perfect pillow for all sleep styles, even more so when it's 20% sure to check out the best Prime Day pillow deals for our other favorite pillows on sale right now. We're also always updating our Amazon Prime Day Hub with highlights of the best deals during the four-day sale. The Coop Sleep Goods Original Pillow offers thoughtful features like adjustable fill, a washable pillow cover, and an unparalleled 100-night trial, making it the best choice for most people. SpecificsThe Coop Sleep Goods Original Pillow stands out because it's fully adjustable, so you can change its firmness and feel to fit with your personal preferences and sleep style. When you buy a Coop pillow, it comes accompanied by a bag of additional shredded memory foam. The pillow unzips, so you can add or remove filling to achieve your ideal loft. That way, everyone can have their perfect adjustability lets you consider your sleep type while adding or removing fill, so no matter how you sleep, you spine can stay aligned and comfortable. Side sleepers usually need a higher loft, while stomach sleepers need a low loft. Back sleepers are in the middle, preferring a medium-high loft. I'm a stomach and side combination sleeper, so I added a little bit of fill for an ideal feel for whichever position I'm sleeping pillow is also hypoallergenic and comes with a washable cover, so you'll be able to easily keep it clean. It also comes in cut-out and crescent shapes for back and side sleepers, more details, read our the Coop Sleep Goods Original Pillow also makes our favorite cooling pillow and body pillow, both of which are also 20% off. Here are some other great Coop deals to take advantage of during Prime Day so you can find your new favorite pillow. The Coop Cool+ Pillow keeps you cool with its gel-infused foam, offers two sides for different feels, and adjusts to your liking. The Coop Sleep Goods Body Pillow is soft, supportive, and perfect for any body type. Coop's take on a down alternative pillow is soft, fluffy, and fully adjustable. They're sold in a pack of two. Thanks to its memory foam, Coop's maternity pillow can ease some of the aches and pains of pregnancy. These cool-to-the-touch sheets are silky and stretchy and do an average job of dispersing heat. Shopping for more great Amazon Prime Day deals? Check out our roundup of all of the best Prime Day deals here, or browse Amazon's website for more.
Yahoo
03-07-2025
- Business
- Yahoo
Global Push for Harmonized Safety Standards Fuels Growth, Europe and North America Lead in Regulatory Changes and Technological Integration
The Hazardous Goods Logistics Market, valued at USD 212.8 billion in 2025, is projected to hit USD 421.8 billion by 2034, growing at a CAGR of 7.9%. Key drivers include rising chemical, energy, and pharma sectors. Enhanced safety regulations, digitization, and AI integration boost market expansion. Hazardous Goods Logistics Market Dublin, July 03, 2025 (GLOBE NEWSWIRE) -- The "Hazardous Goods Logistics Market Outlook 2025-2034" report has been added to Goods Logistics Market is valued at USD 212.8 billion in 2025. Further the market is expected to grow by a CAGR of 7.9% to reach global sales of USD 421.8 billion in 2034 The hazardous goods logistics market plays a critical role in the global supply chain, ensuring the safe and compliant transportation of materials classified as dangerous, including chemicals, flammable liquids, explosives, radioactive substances, and biological hazards. Given the sensitive nature of these goods, logistics providers are required to adhere to stringent international regulations, including those set by the International Maritime Dangerous Goods (IMDG) Code, ADR, and IATA. This market is primarily driven by growth in the chemical, energy, pharmaceutical, and manufacturing specializing in hazardous goods logistics invest heavily in specialized packaging, trained personnel, and advanced tracking systems to mitigate risks and ensure environmental and human safety. As industrial activities expand globally, particularly in Asia-Pacific and Latin America, the demand for reliable, efficient, and compliant hazardous goods logistics services is rapidly increasing. Furthermore, the growing focus on safety standards and supply chain transparency continues to elevate the importance of professional logistics providers in this niche 2024, the hazardous goods logistics market saw heightened regulatory enforcement and a notable shift towards digitization and real-time tracking technologies. Companies invested in smart logistics platforms equipped with GPS, geofencing, and telematics to enhance route monitoring and incident management. Additionally, automation in warehouse operations handling hazardous goods gained momentum, driven by the need to reduce human exposure and operational errors. Logistics firms also focused on expanding multimodal transport solutions to mitigate risks associated with single-mode dependencies, especially for long-haul international Europe and North America, updates to hazardous goods transport guidelines emphasized stricter documentation, temperature control, and waste disposal practices. Meanwhile, supply chain disruptions triggered by geopolitical conflicts prompted logistics providers to redesign risk management frameworks and adopt alternative routes for the safe delivery of dangerous goods. Partnerships between logistics providers and chemical companies grew stronger to ensure compliance, secure storage, and timely forward to 2025 and beyond, the hazardous goods logistics market is poised to evolve with deeper integration of artificial intelligence and predictive analytics. These technologies will help forecast transportation risks, optimize delivery schedules, and ensure proactive maintenance of containers and transport vehicles. There will be increased adoption of blockchain technology for real-time documentation, traceability, and regulatory compliance across borders. The focus will shift toward decarbonizing hazardous goods transport with the development of low-emission vehicles and sustainable packaging international collaboration on harmonizing safety standards is expected to simplify cross-border logistics and streamline global compliance procedures. Logistics providers are likely to offer more specialized services for high-risk segments such as biohazardous medical waste, lithium batteries, and radioactive materials, given the increasing demand from healthcare and electronics industries. With urbanization and industrialization continuing to rise, especially in emerging economies, the market will further expand, driven by the need for safe, efficient, and sustainable hazardous goods logistics Insights Hazardous Goods Logistics Market Digital platforms integrated with telematics and geofencing are gaining adoption for real-time tracking, route optimization, and safety compliance of hazardous goods in transit. Blockchain is emerging as a tool to enhance traceability, manage documentation, and ensure secure and verifiable handling of dangerous goods throughout the supply chain. Logistics firms are increasingly focusing on multimodal transport strategies to reduce dependency on single routes and mitigate risk in hazardous material delivery. Green logistics is influencing the sector with rising use of electric trucks, eco-friendly packaging, and carbon-neutral warehousing practices for hazardous goods. Specialized training programs for logistics personnel are being widely implemented to improve safety standards and regulatory awareness in hazardous goods handling. Growing global chemical production and trade is significantly increasing the need for specialized logistics services capable of safely handling hazardous materials. Stringent international and domestic regulations are pushing companies to partner with certified logistics providers to ensure safe and compliant transport. Advancements in monitoring and containment technologies are making it safer and more feasible to transport high-risk goods over long distances. Industrial growth in emerging economies is driving demand for hazardous goods logistics to support expanding manufacturing and energy sectors. High operational costs, driven by specialized equipment, regulatory compliance, and risk insurance, make hazardous goods logistics expensive, limiting accessibility for smaller businesses and operators. Key Attributes: Report Attribute Details No. of Pages 150 Forecast Period 2025 - 2034 Estimated Market Value (USD) in 2025 $212.8 Billion Forecasted Market Value (USD) by 2034 $421.8 Billion Compound Annual Growth Rate 7.9% Regions Covered Global Companies Featured Deutsche Post DHL Group YRC Worldwide Inc. FedEx Corporation A.P. Moller - Maersk Kuhne + Nagel International AG DSV A/S United Parcel Service Inc. (UPS) DB Schenker C.H. Robinson Worldwide Inc. Nippon Express Expeditors International of Washington Inc. Panalpina Welttransport Holding AG Geodis Logistics LLC Kerry Logistics Network Limited Bollore Logistics XPO Logistics Inc. Kawasaki Kisen Kaisha Ltd. Hitachi Transport System Ltd. Hellmann Worldwide Logistics SE & Co. KG Yusen Logistics Inc. Nishi-Nippon Railroad Co. Ltd. MOL Logistics Co. Ltd. Agility Public Warehousing Company K.S.C.P. Ceva Logistics Toll Group Rhenus Logistics S.A. DGD Transport LLC Sagawa Express Co. Ltd Hazardous Goods Logistics Market Segmentation By Product Explosive Radioactive Bio-Hazardous Other Products By Business Type Warehousing Value-Added Services By Operation Roadways Railways Airways Storage And Services By Application Healthcare Agriculture Other Applications By Geography North America (USA, Canada, Mexico) Europe (Germany, UK, France, Spain, Italy, Rest of Europe) Asia-Pacific (China, India, Japan, Australia, Vietnam, Rest of APAC) The Middle East and Africa (Middle East, Africa) South and Central America (Brazil, Argentina, Rest of SCA) For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Hazardous Goods Logistics Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
The Hindu
26-06-2025
- Business
- The Hindu
GST officials search Manchu Vishnu's office in Madhapur
The Goods and Services Tax (GST) officials on Wednesday (June 25, 2025) carried out searches at the office of actor-producer Manchu Vishnu in Madhapur, sparking speculation over the big-budget film Kannappa — which is set to release on June 27. The film is co-produced by 24 Frames Factory, owned by Vishnu Manchu. Sources said that the inspections were linked to GST payments made in connection with the film's production, which is reported to have crossed a budget of ₹100 crore. Officials examined documents to verify tax compliance in light of the high expenditure involved. Vishnu, responding to the developments with the media, claimed ignorance about the ongoing searches. 'I have no information about the GST inspection, but our accounts are in order. We're just racing against time to get the film out,' he said.
