CCAvenue demystifies GST & its impact on eCommerce businesses
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The Goods and Services Tax (GST), the single biggest tax reform in India ever since independence was rolled out on July 01, 2017. With the goal of 'One Nation, One Tax' GST replaces the multiple cascading taxes like sales tax, service tax, VAT, entertainment tax, luxury tax and excise duty levied by the central and state governments. This uniform indirect tax for goods and services is applicable right from manufacturers to the end consumers. It will not only simplify tax procedures and make compliance easier but will also reshape India’s economy and increase the national GDP. All e-commerce businesses are required to register and be GST compliant, regardless of whether they have traversed the threshold limit or not.
At CCAvenue, we have been constantly supporting our merchants to comply with the GST laws and transition smoothly to the GST network.
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Upgrade to TLS 1.2 Standard now and continue accepting payments securely
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Have you upgraded your website to the latest TLS 1.2 security protocol? If not, then we recommend that you do so at the earliest. The Payment Card Industry ("PCI") council, along with Visa and MasterCard, have mandated all Merchants, Service Providers and Banks to ensure that their systems are TLS 1.2 compatible so as to establish secure server-to-server connections for processing online transactions successfully without potential threats.
Effective from 1st January 2018, CCAvenue will discontinue support for previous versions TLS 1.0 and TLS 1.1. If your system has not been upgraded to TLS 1.2 protocol by then, transactions on your website will not be successful.
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CCAvenue Enriches it's advanced platform with additional payment options for thre benefit pf its huge merchant base
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Rupay Credit Card
CCAvenue Is One Of The First Few PGs In The Country To Be Offering The RuPay Credit Card Option.
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ICICI Bank ATM-CUM Debit Card
CCAvenue Has Recently Included The ATM PIN Debit Card Option Of ICICI Bank, India's Largest Private Sector Bank.
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Janata Sahakari Bank Net Banking
CCAvenue.Com Integrates The Net Banking Facility Of Janata Sahakari Bank To Its Vast Payment Platform.
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INDUSTRY NEWS
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Emerging Trends in Mobile Payments Processing for 2017 & Beyond
Source: iamwire
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Digital Payments 2020 - The Making of a $500 Billion Ecosystem in India
Source: The Boston Consulting Group
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Enchasing on Digital: Financial Services in 2020
Source: The Boston Consulting Group
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UPI transactions grow 12% in July 2017; Rs 3411 cr transacted
Source: Medianama
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India had 30.86M credit cards, 880.03M debit cards in May 2017
Source: Medianama
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Google Gearing Up To Enter Mobile Payments In India By Integrating Android Pay With UPI
Source: Inc42
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NPCI gets RBI nod to operate Bharat Bill Payment System
Source: Livemint
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India among top nations with potential for digital payments: Digital Evolution Index
Source: ETRetail.com
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Disclaimer: We do not claim ownership over the images / articles appearing in the Industry News section. They are used for information purposes only and in no way are meant to claim ownership over any of the above mentioned. All photos, videos, articles, etc. are copyrighted to their original owners.
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