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Holiday Digest: 6 Tech Policy Developments To Catch Up On

Why the RBI is worried about stablecoins, what’s the latest with Tumblr, and more.

holiday

As we return to work after a much-needed break, there's quite a bit to catch up on in Indian tech policy. Here are some critical developments from the holidays that we don't want you to miss: 1. Swiggy, Ola will now collect GST: With the new GST rule coming into effect from January 1, food delivery platforms will be charged 5% GST, effectively transferring the tax burden from restaurants to platforms. This will not mean an additional tax for customers, but only that GST will be transferred to the government through a different route. The new rule will also apply to cab aggregators like Uber and Ola, but as Inc42 reported, this tax is currently only charged on the part of the ride fare that goes to the company, and not to the driver. 2. WazirX on the radar of tax authorities: The GST department has launched an investigation into crypto exchange WazirX for allegedly evading Rs. 40.5 crore in tax, ET reported. The department alleged that WazirX issued its own cryptocurrency, WRX Coin, through Zanmai Labs, but did not pay the applicable 18 percent GST on it. The tax department has recovered Rs 49.2 crore from the company, which includes the GST owed plus interest and penalties, the report said. A spokesperson for Zanmai Labs told ET: "There was an ambiguity in the interpretation of one of the components which led to a different calculation of GST paid. However, we voluntarily paid additional GST in order to be cooperative and compliant. There was and is no…

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