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April 4, 2022 In Corporate Governance, Ecommerce, Legal, MSME/Startups, Premium, Sectors, SME/MSMEs, Start-Ups, Video By editor

Key role of e-commerce in MSME | Namrta Rai | LawWiser Premium

The government has been taking several initiatives to accelerate e-commerce in India and to digitize the entire MSME ecosystem. MSMEs are encouraged to market and sell their goods and products on e-commerce websites, including on Government e-Marketplace, on which procurement of goods and services is done by the Government Ministries and Departments, Public Sector Undertakings and other apex autonomous bodies of the Central Government. 

Watch now #LawWiser explainer on “Key role of E-Commerce in MSME” featuring Namrta Rai, Partner at Juris Corp sharing the insights on how ecommerce has helped msme.

Initially, when COVID started, manufacturing MSMEs, especially micro and small enterprises, were negatively impacted but e-commerce has helped them to be more economically stable and added to their growth, by breaking jurisdictional barriers, saving costs on expansion and providing a large customer base. 

Some key initiatives taken by the government are:-

  1. “Samarth Programme” by Flipkart provides a local platform to promote local artisans, weavers and state handloom industries. The program seeks to empower skilled but deprived craftsmen, weavers and artisans to sell online through an online marketplace resulting in the development of the rural sector. 
  2. The ‘Spotlight North East’ initiative by Amazon is designed to boost the local economy, create jobs and accelerate financial inclusion and empowerment of women and the tribal community across the North-Eastern region of India. This initiative by Amazon aims to bring together and provide online support to 50,000 weavers, artisans, a majority from tribal communities, and local small businesses.
  3. Paytm’s an initiative to offer collateral-free loans of up to Rs. 5 Lakh by Paytm to MSMEs, at a low-interest rate under the ‘Merchant Lending Program’ in Paytm for Business App. The entire process starts from loan application, approval to disbursal is digitized.
  4. Atmanirbhar Section’ by Shopclues: As part of this initiative and to help MSMEs sellers, Shopclues launched an online ‘Vocal for Local’ market platform, which includes ‘made in India’ products in various categories such as fashion, footwear, jewellery, groceries, beauty and appliances and many more.

Last but not the least, 

Vedanta Limited, launched the ‘Vedanta Saathi’ programme, which aims at enabling MSMEs to grow their businesses by offering a bouquet of customized offerings and services. Such as MSMEs can avail financial assistance solutions like channel financing at attractive rates from a host of prestigious banks.

#msmeindia #ecommerce #flipkart #flipkartindia #marketplace #procurement #artisans #jurisdiction #craftsman #legalnews #legalcompliance #compliancesolutions #msmes #video #legalvideo #psu #legal 

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January 10, 2022 In Channels, Ecommerce, Legal, MSME/Startups, Others, Sectors, SME/MSMEs, Video By editor

MSME Request Changes In Amendments of E-Commerce Rules

There have been amendments to e-commerce laws, such as the Consumer Protection (e-commerce) rules 2020.

However, the MSME sector based on issues faced by them have raised queries on these new provisions. Tune into the latest video where #LawWiser takes you through the #QuickByte on “MSME Request Changes in Amendments of E-Commerce Rules”.

In this video, Prabhjot Singh shares some insights related to issues of the MSME sector, such as, -tracking and restriction of sales -appointment of the Grievance officer concerning the online sales.

Watch this full video as he also shares, how the online platforms have become essential for MSMEs to stay afloat in the market.

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October 21, 2021 In Channels, Corporate Commercial, Ecommerce, Legal, MSME/Startups, Sectors, SME/MSMEs, Tracks, Video By editor

Defective Products and Liability of E-Commerce Platform

Watch our new U-special video on Defective Products and Liability of E-Commerce Platform by Nidhi, a alumni of the Faculty of Law, Jamia Milia Islamia University.

Tune to watch as Nidhi explains the concept of Defective products and liability of e-commerce. She discussed inclusion of e-commerce under the ambit of the Consumer Protection Act, 2019 and Consumer Protection E-commerce Rules, 2020. She further highlights rulings of different Consumer dispute redressal commissions to understand their views on e-commerce liability.

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September 24, 2021 In Ecommerce, In a Minute, MSME/Startups, Policy and Regulatory, SME/MSMEs, Taxation, Video By editor

GST Updates 2021 – Ecommerce Operators | In A Minute

#Watchnow #Inaminute video where Jatin Arora, Partner, Phoenix Legal takes us through this GST Council update in relation to e-commerce operators.

GST Updates 2021 – In the 45th GST Council meeting, it was decided to shift the burden of tax on the restaurant services to e-commerce operators like #Swiggy#Zomato through whom these services are delivered. In the video, Jatin quickly explains what this update is about and the impact that it is likely to have on e-commerce operators.

He takes us through the details that this is not a new tax introduced on e-commerce operators. The restaurant charges 5% GST on their supplies. Also, the e-commerce operators pay 18% GST on the commission earned by them.

This will be in effect from 1st January 2022 and instead of the restaurants, the e-commerce operators will charge the tax on the food supplies. The e-commerce operators will charge GST on every supply that they will make, irrespective of whether the restaurant supplying the food is exempt from GST or not. This means there will be additional burden on compliance side for restaurants. The e-commerce operators will also have to do changes in their software to accommodate this change and do additional compliance.

An important issue to be considered is that the restaurants are not eligible to avail input tax credit (ITC) for their supplies. Whereas the e-commerce operators do avail ITC. For more clarity on these points, we need to watch out for the notifications issued by the government.

Stay tuned for more GST updates happening in 2021

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To get featured in more such conversations, write us on editorial@lawwiser.com

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November 21, 2020 In Contract Law, Corporate Commercial, Ecommerce, In Conversation, M and A, PE, Policy and Regulatory, Video By editor

New Draft guidelines for Advertising- Advertise with Caution!

The central government released new draft guidelines on advertising and endorsement disclosures in September 2020.

The New draft guidelines cover all forms, formats, and mediums of advertising and marketing communications — print, TV, and social media. These guidelines also mean a world of change for celebrities who endorse products, including the social media “influencers”. LawWiser in conversation with Gaurav Dani, Partner, IndusLaw, and Akhil Prasad, Director, Country Counsel India and Company Secretary, Boeing, discuss the new advertising guidelines and the issues around it. In this video, the experts share their views on:

1.) Brief background of the Consumer Protection Act

2.) What are the key provisions in the New Draft Guidelines?

3.) Drawbacks in the Draft Guidelines

4.) Impact of Draft Advertising Guidelines on the various sectors

To get featured in more such conversations, write us on editorial@lawwiser.com

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September 14, 2020 In Channels, Data Protection, Ecommerce, In Conversation, Legal, MSME/Startups, Sectors, SME/MSMEs, Technology, TMT, Tracks, Video By editor

Deciphering The Chinese Apps Ban & The Impact On Its Businesses

The Government of India has banned many Chinese mobile applications, on the ground that they pose threat to the country’s “sovereignty and security”. The popular ones include top social media platforms such as TikTok, WeChat, Helo, Wework, and PUBG among others.

LawWiser in conversation with Arpita Mukherjee (Head- Legal & Compliance, Fabindia Overseas Pvt Ltd) and Suneeth Katarki (Partner, IndusLaw) decipher the ban on Chinese Apps and discuss as to how this ban would impact the Apps businesses in India in the long term.

Stay tuned LawWiser for more such insights

To get featured in more such conversations, write us on editorial@lawwiser.com

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