According to a PTI report, Rapido co-founder Arvind Sanka said that the company will also provide the facility of commuting to and from the metro stations at a fixed fee of Rs 25. He said that we are providing metro ticketing on our platform with the help of ONDC and DMRC.

First ride free for all users

According to the news, we are also making the first ride free for all users who book metro tickets using the Rapido app. Sanka said that Rapido is already providing ticket booking services for Kochi and Chennai Metro in collaboration with ONDC. The company will start providing service at 30 metro stations in Delhi. Sanka said that more than 8 lakh customers use Rapido every day and 40 percent of them are women drivers.

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Pick-up and drop-off points at select metro stations

The Rapido chief said that about 1 lakh customers are already using this service to commute to and from the metro stations. The company will set up pick-up and drop-off points at select metro stations in Delhi. Vikas Kumar, Managing Director, Delhi Metro Rail Corporation (DMRC), said that the collaboration with Rapido through ONDC is a progressive step towards providing a more connected and accessible travel experience to Delhi’s passengers. Sanka said that the initiative taken by my team, Rapido and ONDC in a way furthers our vision, which is to make customer experience in Delhi Metro a customer delight.

Earlier, ride-hailing platform Uber also introduced metro ticketing on the Uber app, powered by the Open Network for Digital Commerce, starting with the Delhi Metro. After Delhi, three more cities across India are expected to go live in 2025, Uber said, adding it will soon launch B2B logistics through the ONDC network, a solution that will allow businesses to request on-demand logistics from Uber’s delivery network, without needing their own fleet.

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The number of sellers on ONDC i.e. Open Network Digital Commerce is continuously increasing. ONDC, which was introduced like UPI for e-commerce, is gradually gaining popularity. Meanwhile, the Tax Department has clarified the conditions regarding deduction of TDS from e-commerce sellers selling on ONDC.

TDS at the rate of 1 percent

For this, CBDT i.e. Central Board of Direct Taxes issued a new circular on Thursday. In the circular, CBDT said that TDS deduction of 1 per cent on e-commerce sales will be applicable on the total amount of sales, which also includes charges and fees collected by various e-commerce operators along with the goods and services offered on ONDC.

This is why CBDT’s circular came

The Government of India is promoting ONDC. ONDC was first introduced in 2020. Its objective is to bring changes in the e-commerce sector in the same way as UPI has done in the case of digital transactions. Now ONDC’s network has started expanding. Many e-commerce platforms have been listed on ONDC. In such a situation, CBDT has now tried to clarify the situation by issuing a circular regarding tax deduction and tax liability.

TDS on all types of charges

According to CBDT guidelines, e-commerce platforms charge various charges on both the seller and buyer sides, which include packaging charges, shipping charges and convenience charges etc. According to CBDT, deduction of TDS will be applicable on all such charges. TDS will be deducted at the time of payment or credit by the seller side e-commerce operator. They will also have to file TDS return and issue a certificate to the seller.

TDS in case of return-replace

CBDT has also explained in the guidelines how tax will be deducted if a purchase is returned. CBDT says that TDS will definitely be deducted at the time of sale as usual. However, if a return situation arises, the deducted tax can be adjusted in another transaction during the same financial year. In case of replacement, no adjustment will be required.

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Addressing students at the John Hopkins School of Advanced International Studies, Sitharaman said, “There was a time when India looked at global standards, global ideals and we used to say that we have to reach that level, learn how to do it.” . Even today there are many such areas where we have to learn a lot and work according to the standards.

He further said, ‘But looking at the digital side, whether it is payment, identity, health, education, modalities of compliance requirements, India has actually set standards in these. We have really set standards in terms of digital economy, its systems and platforms and this is a confidence booster for India.

The Finance Minister said, ‘Our economy is performing well, so it is because of the confidence that we have got from what happened in the last two years, probably people believe so. That’s why I think the economic revival continues unabated. He said that the emphasis placed on digitization between 2014 and 2019 helped in battling the economic crisis after Kovid-19 and due to this, help and relief could be given immediately during the lockdown.

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