Festive cheer with GST 2.0; Amazon’s $200 million NBFC bet

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Happy Friday! Ecommerce is expected to win big this festive season on the back of new GST relief. This and more in today’s ETtech Morning Dispatch.

Also in the letter:
■ Kaynes semicon plans
■ Bluestone Q1
■ QuantE funding


Zomato, Swiggy plan to pass on Rs 180-200 crore GST burden

Zomato Swiggy GST

While ecommerce basks in the GST glow, food delivery platforms are dealing with a fresh blow.

The GST Council has ruled that platforms such as Zomato and Swiggy must now pay 18% GST on behalf of their gig workers. This change is expected to cost both firms Rs 180–200…



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Festive cheer with GST 2.0; Amazon’s $200 million NBFC bet


Happy Friday! Ecommerce is expected to win big this festive season on the back of new GST relief. This and more in today’s ETtech Morning Dispatch.

Also in the letter:
■ Kaynes semicon plans
■ Bluestone Q1
■ QuantE funding


Zomato, Swiggy plan to pass on Rs 180-200 crore GST burden

Zomato Swiggy GST

While ecommerce basks in the GST glow, food delivery platforms are dealing with a fresh blow.

The GST Council has ruled that platforms such as Zomato and Swiggy must now pay 18% GST on behalf of their gig workers. This change is expected to cost both firms Rs 180–200…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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