Why have Indians given up on Crypto: An effect of proposed 28% GST?
Nothing is going in favor of crypto enthusiasts, especially those in India. The cryptocurrency industry has been affected by India's regressive taxation policies for virtual digital assets (VDAs) since April 1. The government is now reportedly considering levying a 28%...
Pay 5% GST on Auto Rides Booked Via Ola, Uber From Next Year
If you frequently book auto from Ola or Uber, be ready to spend more on services availed. The government of India has decided to that auto-rickshaws offered through online platforms will be subject to GST of 5 percent from...
Taxes on Bitcoin Trading In India: A Confusing Two-Pronged Attack On Cryptocurrencies?
Be ready to pay tax on bitcoin in India! isn't sound weird? The Indian Government is leaving no stone unturned to make crypto-trading an almost impossible and herculean task within the country borders! But in trying to do so,...
Uber and Ola In Hot Water: India Authorities Launch Fresh Probe!
The Directorate General of Goods and Services Tax Intelligence (DGGI) sent a summons to Uber and Ola officials on Monday regarding tax evasion allegations against the two companies, Business Standard has reported. The investigation will look into alleged tax evasions...
Is The Indian Mobile Industry Heading For Collapse?
On Saturday, the Goods and Services Tax Council meeting which was chaired by our Finance Minister Nirmala Sitharaman came to a decision to hike the GST rate on mobile phones by 6%, therefore, pushing it to 18% from the...
Nandan Nilekani In Hot Water Due To GST Glitches?
The shortcomings of Infosys Ltd. which is the service provider for the GSTN portal has been clearly visible via the continually persisting glitches in the GST Network (GSTN) portal. This has led to a lot of difficulty for taxpayers...
New GST Amendment Might Impose 18% GST On Salaries Of Executives
If you are among the top executives of your company in India be ready to take a hit on your income as the new rule the government is seriously considering to roll out soon will make a big hole...
Indian Government Accused Of Rolling Out Untested GST System
The Goods and Services Tax, aka GST, launched on July 1, 2017, saw its first audit by the CAG. The audit report spills bean that is no less than a surprise. It reveals that the government was inadequate to...
Sales of High-End Smartphones In Grey Market in India Causing A Loss Of Rs 2,500 Cr. Every Year!
The sales of high-end mobile phones in the grey market have been causing an estimated loss of Rs. 2500 crore each year, as claimed by India Cellular & Electronics Association (ICEA). At present, a basic customs duty of 20%...
Why Flipkart, Amazon, Myntra And Other eCommerce Players Are Under Scanner of GST Council?
Looks like all major eCommerce companies including Flipkart, Amazon and Myntra have encased themselves in the anti-profiteering watch-list! Last year GST council had cut the taxes on 178 products. In consonance with recent reports, eCommerce companies such as Amazon Inc. (NASDAQ:AMZN) and Myntra are likely...
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Edtech startup entrepreneur arrested for defrauding students to the tune of Rs 18 crore
The rise of EdTech startups in India is primarily driven by the increasing demand for online education and upskilling...
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