Cryptocurrency and GST

Last week Kali Digital Ecosystems lodged a petition against the RBI’s virtual ban on cryptocurrency. The apex bank of India prohibits financial institutions and banks under its authority from dealing with cryptocurrency exchanges and other related services. While there is a lack of clarity over the legality of cryptocurrency, here’s a detailed account of cryptocurrencies…

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GST Impact on IPL

On 7th April 2018, at 6:15 pm sharp, families gathered around their television sets for the opening ceremony of the Indian Premier League. The richest of the world’s T20 cricket leagues, this yearly saga needs no introduction. The IPL kick-started with the Mumbai Indians taking on the Chennai Super Kings. Now this is the first…

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Logistics Industry

In the pre-GST era, a Central Sales Tax (CST) was levied on the inter-state movement of goods. To avoid this levy, manufacturers and traders of the logistics industry set up their warehouses in the states they supplied to. Now, with the abolishing of CST, the freight transportation times has reduced by 10-12%. GST Council plans…

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Gadgets & IT Industry

  In the wake of technological advancement, the IT and gadgets industry is booming. It accounts for approximately 66 per cent of the $123-129 billion dollar market. This colossal business employs around 11 million people in India alone. To put that into perspective, the Indian army consists of a total 4.6 million.      …

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GST on Lottery Industry

The government recently shot down requests to lower the GST on Lottery businesses. Today, we will discuss about how the lottery business suffers due to GST implemenation. In this day and age, if one was to say that he/she isn’t familiar with Kaun banega Crorepati (KBC), he/she would be on the receiving end of death…

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Independent Financial Advisors

“Mutual Fund investments are subject to market risk. Please read the offer document carefully before investing.”         After the countless times that we’ve seen and heard these words on our television screens, we remember them by heart. This warning is partly the reason to avail the services of Financial Advisors. The other reason…

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Entertainment Industry

Like the end consumers, the Entertainment Industry will see a varied impact of GST implementation. Movie theaters and amusement parks saw either a positive or a negative impact depending on the state they are in. GST Rates for Entertainment Industry: Film Producers: Non perpetual theatrical rights – 12% Sale of Rights (Perpetual) – 12% Non…

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E-Way Bill Implementation

In the pre-GST era, traders could not supply goods without getting waybills from VAT authorities. These waybills were physical documents that allowed movement of goods. Obtaining these waybills was a cumbersome process and caused restricted movement of goods. The weapon of choice to iron out these pre-GST transportation woes is the E-Way Bill Implementation Even while…

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Fast Moving Consumer Goods Industry

Fast Moving Consumer Goods (FMCG) refer to products that sell quickly, in higher volumes, and have a short shelf life. They are generally cheap. FMCG include non-durable items like soft drinks, toiletries, over the counter. In the GST regime, one of the biggest change is the seamless flow of credit. The FMCG industry is one…

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E-Commerce Industry

“When a small craftsman in a village in India brings a smile to a customer looking at his phone on a metro ride in New York, we know we are creating something that has fundamentally changed our lives. I see technology as a means to empower and as a tool that bridges the distance between hope…

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