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	<title>Pay &#8211; India Chron</title>
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		<title>Twitter will pay $809 million to settle a consolidated class-action lawsuit</title>
		<link>https://indiachron.com/business/twitter-will-pay-809-million-to-settle-a-consolidated-class-action-lawsuit/</link>
		
		<dc:creator><![CDATA[Himanjali Mahanta]]></dc:creator>
		<pubDate>Tue, 21 Sep 2021 13:47:04 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Consolidated]]></category>
		<category><![CDATA[Pay]]></category>
		<category><![CDATA[Twitter]]></category>
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					<description><![CDATA[Twitter said Monday it will pay $809.5 million to settle a consolidated class action lawsuit alleging that the company misled…]]></description>
										<content:encoded><![CDATA[<p>Twitter said Monday it will pay $809.5 million to settle a consolidated class action lawsuit alleging that the company misled investors about how much its user base was growing and how much users interacted with its platform.</p>
<p>The San Francisco Company said the proposed settlement, which must still be signed off by a judge, resolves all claims against Twitter admitting any wrongdoing. The original lawsuit filed in 2016 by Twitter in 2016 by Twitter investors Doris Shenwick claimed that Twitter executives “knowingly made inaccurate public statements regarding these metrics, and failed to disclose internal information about them, resulting in an inflated share price that fell when the truth about user engagement became known.”</p>
<p>The company said it plans to use cash on hand to pay the settlement in the fourth quarter of 2021. It expects to record a one-time charge as a result.</p>
<p>According to the lawsuit, in 2014 Twitter said that the site’s monthly average user base was expected to increase significantly to “to over 550 million” in the intermediate-term and “over a billion” over the longer term.</p>
<p>In 2019, Twitter stopped reporting monthly user figures. At last count that spring, that number was at 330 million. Now, Twitter reports only daily user figures.</p>
<p>And in 2017, Twitter said it had been overstating its monthly user numbers by mistake because it was including users of a third-party app it should not have.</p>
<p>&nbsp;</p>
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		<title>Swiggy and Zomato pay GST instead of restaurants</title>
		<link>https://indiachron.com/trending/swiggy-and-zomato-pay-gst-instead-of-restaurants/</link>
		
		<dc:creator><![CDATA[Himanjali Mahanta]]></dc:creator>
		<pubDate>Tue, 21 Sep 2021 13:47:00 +0000</pubDate>
				<category><![CDATA[Trending]]></category>
		<category><![CDATA[GST]]></category>
		<category><![CDATA[Pay]]></category>
		<category><![CDATA[Restaurants]]></category>
		<category><![CDATA[Swiggy]]></category>
		<category><![CDATA[Zomato]]></category>
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					<description><![CDATA[Online food delivery firms Swiggy and Zomato will now be liable to pay good and services tax to the government…]]></description>
										<content:encoded><![CDATA[<p>Online food delivery firms Swiggy and Zomato will now be liable to pay good and services tax to the government following a decision taken at the GST Council meeting on September 17.</p>
<p>“Yes there was detailed discussion … the place where food is delivered is going to be the point where tax will be collected. They will pay the GST on it,” said Nirmala Sitharaman, Minister of Finance said while briefing the media.</p>
<p>“There is no new tax,” she added.</p>
<p>The government has been working on a proposal to ask delivery apps to collect and deposit GST with the government, instead of what is currently done by the restaurants.</p>
<p>Currently, online bills generated by food aggregators already have a tax component in it. However, according to people privy to the practices who are then expected to pay this amount to the government.</p>
<p>This new amendment if implemented will ensure that the companies do not pay this to the restaurants but directly to the government.</p>
<p>Currently, the restaurant listed on the food aggregators pays 5% GST on the food bill, while the aggregator itself pays 18% GST on the commission it charges the restaurants for providing delivery and marketing services.</p>
<p>If it goes the way it is planned, there won’t be much difference on the bill paid by an end consumer while ordering food online.</p>
<p>The catch is that different food items invite different slabs of tax rate. It will be interesting to see if the government washes all of that away to make room for a uniform 5% tax charged on the delivery of food by these aggregators.</p>
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