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Crypto Bill may Defer in Present Parliamentary Session & ECO’s may face GST Complexities

Today, we have two essential updates for you, and at the end of these updates, we will be asking an exciting question related to the updates.

Tune into the latest video where LawWiser takes you through the updates related to “Crypto Bill may be deferred in the present session of the Parliament” and “ECO’s like Zomato, Swiggy may face GST complexities Soon” Watch Prabhjot Singh sharing the update on India’s cryptocurrency bill unlikely to be presented in the ongoing winter session of the Parliament.

The reason behind this postponement is that the Parliament may be hesitant to take up the bill and has yet to finalize specific details. In the second update, E-commerce operators like Zomato and Swiggy as per last Government notification are liable to pay the 5% goods and service tax on restaurant services supplied through them.

This levy may begin from January 1, 2022. In the end, Prabhjot has also shared an exciting question related to the updates. Watch the full video and answer the questions in the comment section below.

#Zomato#Swiggy#GST#Crypto#Bill#Tax#Parliament#Services#Wintersession#Complexities#Postponement#Quickupdates

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Capital Markets Regulator For Crypto & Proposed Amendments-Notaries Act

Tune into the latest video where LawWiser takes you through the update on “India to Consider Capital Markets Regulator For Crypto” and “Proposed Amendments in Notaries Act

Watch Prabhjot Singh quickly taking through the update wherein India considers appointing its capital market regulator to oversee the cryptocurrencies.

The government is even planning to give crypto holders a deadline to declare their assets and further meet any rules. The people violating the rules would be fined 200 million rupees and imprisoned for 1.5 years.

The second update is related to the proposed amendments in the notaries act.

The amendments would lead to better development and regulation of notarial work undertaken by Notaries Public and facilitate the needs of the profession.

Stay tuned for more QuickBytes on lawwiser

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Cryptocurrency Advertisement Guidelines to Undergo Changes

Tune into this video where LawWiser takes you through the latest update on “Cryptocurrency Advertisement Guidelines to Undergo Changes”.

Watch Prabhjot Singh sharing the update on how with recommendations from the Advertising Standards Council of India the Government is looking to revise the advertisements guidelines for Cryptocurrency.

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Cryptocurrency and Regulation of Official Digital Currency Bill, 2021

Notably, there has been a tremendous increase of advertisements wherein we saw different film stars featuring in the ads of “Cryptocurrency,” promoting high investment returns in crypto. However, it has a dark side, too, as it has been used for certain illegal purposes.

Tune into this video, where LawWiser takes you through “Cryptocurrency and Regulation of Official Digital Currency Bill, 2021”.

Watch Prabhjot Singh briefly explain the reasons behind the ban on cryptocurrency.

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