Online Merchants Under GST Scanner Amid Infosys Bonus Payout Insights

Heightened Vigil on Online Merchants

The growth of digital payments has led to a rise in scrutiny among online merchants amid concerns over tax evasion. The Directorate General of Goods and Service Tax Intelligence (DGGI) is rigorously monitoring compliance with sales disclosures. The RBI has mandated payment aggregators to conduct ongoing transaction assessments.

Regulatory Impacts

The RBI's draft guidelines emphasize customer due diligence, requiring strict monitoring of merchants' activities. This increased oversight will likely elevate operational costs for payment companies.

Infosys' Enhanced Bonus Payout

Infosys reported a remarkable 80% bonus payout for its workforce for Q1 of FY25, notably improving from 60% in the previous quarter. This uptick reflects the company’s solid performance and positive market conditions.

Byju Raveendran's Commitment to Staff

Byju Raveendran, the founder of Byju's, assured employees that salaries would be disbursed promptly once he regains control over the accounts, signaling proactive measures amid the company’s financial challenges.

Accel's Investment in Uppercase

Accel's recent investment of $9 million into Uppercase marks a growing trend of significant venture capital flow into innovative consumer brands amid thriving market conditions.

Ant Group's Zomato Investment Returns

Ant Group’s recent divestment in Zomato yielded a 4X return, highlighting successful investments within the tech-driven food delivery sector.