The Government of India has approved the operationalization of the Goods and Services Tax (GST) – a unified indirect tax regime across the country, which is identified to be one of the biggest tax reforms post-independence. GST will replace the multiple Central and State-level taxes that were being levied on Indian businesses till date and will make India one unified common market. As per the latest official announcement, the GST will come into effect on July 1, 2017.
Read on to know what exactly GST is and how it affects OrderBox.
WHAT IS GST?
GST is a comprehensive indirect tax levied on the supply of goods and services; right from the manufacturer to the consumer. Credits of input taxes paid at each stage will be available in the subsequent stage of value addition, which makes GST essentially a tax only on value addition at each stage. The final consumer will thus bear only the GST charged by the last dealer in the supply chain, with set-off benefits at all the previous stages.
Since it is a destination-based consumption tax, GST will be charged based on the location of the recipient’s state. We will raise an invoice for our Reseller based on the Reseller’s location, and in turn, the Reseller will raise an invoice based on his/her customer’s location.
WHAT ARE THE TAXES THAT GST WILL REPLACE?
The GST replaces a host of indirect taxes such as:
- Central Excise Duty
- Service Tax
- Countervailing Duty
- Special Countervailing Duty
- Value Added Tax (VAT)
- Central Sales Tax (CST)
- Entertainment Tax
- Entry Tax
- Purchase Tax
- Luxury Tax
- Advertisement taxes
- Taxes applicable on lotteries
HOW DOES THIS IMPACT ORDERBOX?
GST is a fundamental change in the framework of indirect taxes and impacts not only the rates of tax but also various business processes and associated documentation. There will be a wide range of changes dealing with processing reverse charges, the treatment of credit and debit notes, and the manner in which invoices are raised for resellers/customers. We are in the process of making all the necessary changes to integrate your GST IDs in OrderBox for simplifying tax collection and easing business operations. You will be notified of these changes as and when they happen.
While we ensure constant communication from our side during the entire development period, we also request you to please follow any announcements coming from the Government of India regarding this matter. Always feel free to get in touch with your account manager for any queries that you may have, no matter how small.
- What is GST
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Coming up: More information on GST and its impact on different entities.
Soon after introducing WordPress Hosting and setting up Cloud Hosting on our Indian servers, we are back with yet another exciting launch – Windows Dedicated Server!
Our Windows Dedicated Servers come with the assurance of higher levels of security, speed, scalability, reliability, uptime and full administrative remote desktop access. Unlike Shared Hosting, Dedicated Server Hosting transcends all resource limitations and guarantees unparalleled flexibility, power and control.
Read on further to know what makes our Windows Dedicated Servers the best product of its kind in the market:
- Instant Provisioning: Your clients can get their Windows Dedicated Server Hosting up and running with a single click as soon as they purchase it; they don’t have to wait!
- Data Centers: It is hosted on state-of-the-art data centers with cutting-edge technology that assures security, networking and cooling facilities. With fiber-optic connectivity and power supply from two independent 400 KW power stations, our Windows Dedicated Server Hosting solution is operating at the peak of its efficiency with 99.99% uptime.
- Sturdy Infrastructure: We offer world-renowned Blade Micro Servers with Intel Xeon Processors, RAID 1 Disks and CentOS to deliver power-packed performance and unmatchable reliability. The data loss protection technology offered by RAID keeps your data intact under all circumstances and ensures maximum redundancy.
- 24×7 Tech Support: Our resourceful tech support team is armed with all the information you will ever need and is ready to put that to use at any given time of the day. We’re committed to delivering customer satisfaction and we promise that all your support queries will always receive prompt and accurate solutions!
Precisely, this solution makes perfect business sense for those who are looking for a hosting solution that can guarantee a rock-solid website foundation and withstand high volumes of traffic. Enable your customers to reap the benefits of Windows Dedicated Servers by offering it to them!
The sun has got its hat on and Madrid is all set to welcome the GDD fraternity in the next week. Unlike ICANN’s policy forums, the GDD Summit majorly focuses on addressing and seeking solutions for issues relevant to our businesses, as well as networking with and learning from real-life experiences of other players in our industry.
We’ve seen a lot of movement in the industry since the last ICANN meeting – be it ICANN’s decision of enabling registries and registrars to easily opt-out of WHOIS-related contractual provisions when they clash with local laws, or ICANN trying to provide failover paths to dot-brand TLDs by testing emergency back-end registry operator systems. Most importantly, the GDD Summit provides the perfect mix of time, place and people for engaging in one-on-one discussions with the ICANN staff and getting more clarity on the “how”, “why” and “what next” aspects of things.
As far as the New gTLD namespace is concerned, a recent ICANN-commissioned report highlighted that the lack of support for New gTLDs and IDNs is leading to the world economy facing a loss of almost $10 billion of annual revenue. Despite the fact that New gTLDs have been around for more than a decade now, the lack of awareness and a low adoption rate for New gTLDs still continues to prevent them from flourishing.
This is an interesting time for players in the Domain Name industry to predict and strategize their business moves; and what could be a better conference than the ICANN GDD Summit to indulge in stimulating conversations like these! Eeshaan Satwalekar and Priyanka Frias will be attending the summit. If you’re planning to attend, click here to schedule a meeting with us.
See you in Madrid!
While searching for a domain name, customers are always looking for something specific. However, it’s not always easy to find that perfect domain name. When confronted with such a scenario, one option is to settle for a domain that roughly matches their needs, and the second is to walk away disappointed.
In the latter case, you’ve not only lost the domain sale but you’ve also lost the possibility of making additional sales of web presence products and services. To tackle this situation, you can offer Premium Domain Names to your customers, to prevent them from settling for the “leftovers”.
Premium Domain Names are highly sought after domain names that have been registered previously and are back in the market for resale. Domain names of these kind are identified as premium strings by the registries and come with a higher perceived value than most, with heavy sale prices. These are short, easy to recall, keyword-rich names that you can sell for much higher prices than regular domain registrations; sometimes even for 6 or 7-figured amounts!
The Premium Domain Advantage
Premium Domains on an average sell for 200x more than unregistered regular domains. There are numerous well known reasons for a domain name to be considered premium. Since they are short and easy to remember, they have a higher recall value. They also help improve SEO rankings, increase direct type-in traffic and reduce PPC costs. A valuable premium domain conveys a sense of trust and confidence that in turn helps in attracting more traffic to your website.
Why Sell Premium Domains?
- Drive Higher Lifetime Value: Customers who purchase premium domains also tend to buy more services such as Hosting packages, SSLs and other products thereby increasing customer stickiness.
- Gain a Competitive Advantage: Offering this product helps you to stand out in the market since this product is not available with many other domain providers
- They are High-Margin Products: For every premium domain sale through your account, you make up to 25% of your list price
Get your customers to buy domain names they prefer! Got questions? Feel free to reach out to us at email@example.com.
ICANN has announced that Domain Registrars across the world no longer need to procure a comprehensive general liability (CGL) insurance in order to maintain their ICANN Accreditation.
Based on public comments received earlier this year, ICANN concluded that the requirement to carry $500,000 in CGL insurance was hindering the development of the domain name industry in certain parts of the world, particularly Africa and the Middle East. This insurance can be difficult to obtain and prohibitively expensive in the developing world.
A few Domain Registries, however, still need a CGL insurance from Registrars. For instance, Verisign (.com and .net) and Public Domain Registries (.org, .ngo and .ong) require $1,000,000 CGL Insurance from Registrars.
We definitely welcome ICANN’s decision. In the past, we’ve noticed that prospect partners from developing nations aren’t able to stand toe-to-toe with peers from developed nations because of the steep insurance required to get Accredited.
Got any queries on ICANN Accreditation? Feel free to reach out to us at firstname.lastname@example.org