The new year, 2022, will bring a slew of changes to India's Goods and Services Tax (GST). The government had previously announced the revisions, which will take effect on January 1, next Saturday.&nbsp;

The amendments include the requirement for e-commerce operators to pay tax on services such as passenger transportation and restaurant services delivered through them.

In addition, the rectification in the inverted duty structure in the footwear and textile sectors will take effect on Saturday, with all footwear, regardless of price, subject to a 12% GST, and all textile products, excluding cotton, including premade garments, subject to a 12% GST. 
 
<a href="https://www.wionews.com/business-economy/india-online-payment-rules-to-change-on-january-1-what-you-need-to-know-439307">Also read | India online payment rules to change on January 1: What you need to know</a>

Clothing and footwear will also become more costly

From January 1, 2022, finished goods such as clothes, footwear, and textiles will be more expensive, when the Union government raises the GST on such items from 5% to 12%.&nbsp;

The GST rate on clothing costing up to Rs 1,000 per piece has been increased from 5% to 12%.&nbsp;

Textile rates, which include woven fabrics, synthetic yarn, blankets, tents, and accessories like tablecloths and serviettes, have also been raised from 5% to 12%.&nbsp;

The GST rate on footwear (costing up to Rs 1,000 per pair) has also been increased from 5% to 12%.

Auto rides booked through Ola and Uber are expected to become more expensive

In the new year, auto rickshaw rides booked through app aggregators like Ola and Uber will also become more expensive. From&nbsp;January 1, the Union government announced that ride firms would pay a 5% GST on vehicle rides booked online, abolishing an existing exemption. Tax-free auto rides will continue to be available on the streets.

While Uber understands the need to raise funds, the firm has urged the government to reconsider the tax, which will have an impact on vehicle drivers' wages as well as the government's digitalisation strategy.

Food delivery apps like Swiggy and Zomato charge GST

Beginning January 1st, food delivery apps, rather than restaurants, will be required to collect and pay 5% GST to the government.

There will be no additional tax burden on the end customer as a result of this procedural adjustment.

Previously, eateries were responsible for paying the GST. According to the government, instead of restaurants, the tax would now be paid by aggregators like Zomato and Swiggy, preventing income leakage.

(With inputs from agencies)

The new year, 2022, will bring a slew of changes to India's Goods and Services Tax (GST). The government had previously announced the revisions, which will take effect on January 1, next Saturday.

The new year, 2022, will bring a slew of changes to India's Goods and Services Tax (GST). The government had previously announced the revisions, which will take effect on January 1, next Saturday. The amendments include the requirement for e-commerce operators to pay tax on services such as passenger transportation and restaurant services delivered through them. In addition, the rectification in the inverted duty structure in the footwear and textile sectors will take effect on Saturday, with all footwear, regardless of price, subject to a 12% GST, and all textile products, excluding cotton, including premade garments, subject to a 12% GST. Also read | India online payment rules to change on January 1: What you need to know Clothing and footwear will also become more costly From January 1, 2022, finished goods such as clothes, footwear, and textiles will be more expensive, when the Union government raises the GST on such items from 5% to 12%. The GST rate on clothing costing up to Rs 1,000 per piece has been increased from 5% to 12%. Textile rates, which include woven fabrics, synthetic yarn, blankets, tents, and accessories like tablecloths and serviettes, have also been raised from 5% to 12%. The GST rate on footwear (costing up to Rs 1,000 per pair) has also been increased from 5% to 12%. Auto rides booked through Ola and Uber are expected to become more expensive In the new year, auto rickshaw rides booked through app aggregators like Ola and Uber will also become more expensive. From January 1, the Union government announced that ride firms would pay a 5% GST on vehicle rides booked online, abolishing an existing exemption. Tax-free auto rides will continue to be available on the streets. While Uber understands the need to raise funds, the firm has urged the government to reconsider the tax, which will have an impact on vehicle drivers' wages as well as the government's digitalisation strategy. Food delivery apps like Swiggy and Zomato charge GST Beginning January 1st, food delivery apps, rather than restaurants, will be required to collect and pay 5% GST to the government. There will be no additional tax burden on the end customer as a result of this procedural adjustment. Previously, eateries were responsible for paying the GST. According to the government, instead of restaurants, the tax would now be paid by aggregators like Zomato and Swiggy, preventing income leakage. (With inputs from agencies)

GST rule change: Indians will have to pay more for these items in 2022

Gravitas: The era of food discounts may be over

Gurgaon-based&nbsp;restaurant search and&nbsp;food delivery provider Zomato is believed to be in talks with&nbsp;rival Swiggy for a possible&nbsp;merger.&nbsp;

Both the companies have been on top in the&nbsp;food tech business in India.&nbsp;

However, experts believe that it is highly unlikely that the two companies will be able to seal the deal.

According to a&nbsp;source, &ldquo;Zomato could have continued with the search and restaurant discovery business while continuing as a shareholder in Swiggy whereas Zomato is keen in an outright merger. Zomato also proposed a 4:1 share swap ratio to the food ordering and delivery platform, Swiggy&rdquo;.

Another source added, &ldquo;Swiggy was more interested in exploring the merger at existing valuation, but Zomato&#39;s proposed swap ratio would have valued it at $225 million.&rdquo; In the year 2015, Zomato was valued at more than $960 million and Swiggy stood at $400 million.

The pioneering restaurant discovery&nbsp;and food delivery platform, Zomato,&nbsp;is currently&nbsp;closing a $200 million round from Ant Financial, an affiliate of&nbsp;Alibaba, which is independent of these discussions, ahead of its competitor in&nbsp;highly&nbsp;fierce&nbsp;and strident&nbsp;battles in the consumer internet sector.

The latest financing round led by&nbsp;Alipay has valued Zomato at $1 billion, after&nbsp;the investment. 
 
Swiggy, on the contrary,&nbsp;collected&nbsp;$80 million from South&nbsp;Africa&#39;s internet and media conglomerate&nbsp;Naspers&nbsp;earlier this year valuing it at $400 million.

After unsuccessful&nbsp;merger talks between Flipkart and Snapdeal, Zomato and Swiggy&rsquo;s merger could&nbsp;be amongst the most notable moves made towards strengthening a profitable sector.&nbsp;

A statement from Swiggy said: &ldquo;Swiggy has a razor-sharp focus in delivering a superior customer experience as we continue to grow as India&rsquo;s largest food ordering and delivery company. We would not like to comment on baseless speculations such as this.&rdquo;

After unsuccessful?merger talks between Flipkart and Snapdeal, Zomato and Swiggy?s merger could?be amongst the most notable moves made towards strengthening a profitable sector.?

Gurgaon-based restaurant search and food delivery provider Zomato is believed to be in talks with rival Swiggy for a possible merger. Both the companies have been on top in the food tech business in India. However, experts believe that it is highly unlikely that the two companies will be able to seal the deal. According to a source, “Zomato could have continued with the search and restaurant discovery business while continuing as a shareholder in Swiggy whereas Zomato is keen in an outright merger. Zomato also proposed a 4:1 share swap ratio to the food ordering and delivery platform, Swiggy”. Another source added, “Swiggy was more interested in exploring the merger at existing valuation, but Zomato's proposed swap ratio would have valued it at $225 million.” In the year 2015, Zomato was valued at more than $960 million and Swiggy stood at $400 million. The pioneering restaurant discovery and food delivery platform, Zomato, is currently closing a $200 million round from Ant Financial, an affiliate of Alibaba, which is independent of these discussions, ahead of its competitor in highly fierce and strident battles in the consumer internet sector. The latest financing round led by Alipay has valued Zomato at $1 billion, after the investment. Swiggy, on the contrary, collected $80 million from South Africa's internet and media conglomerate Naspers earlier this year valuing it at $400 million. After unsuccessful merger talks between Flipkart and Snapdeal, Zomato and Swiggy’s merger could be amongst the most notable moves made towards strengthening a profitable sector. A statement from Swiggy said: “Swiggy has a razor-sharp focus in delivering a superior customer experience as we continue to grow as India’s largest food ordering and delivery company. We would not like to comment on baseless speculations such as this.”

Zomato in talks with Swiggy for potential merger: Reports

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GST rule change: Indians will have to pay more for these items in 2022

Gravitas: The era of food discounts may be over

Zomato in talks with Swiggy for potential merger: Reports