iWorld

Taxing e-ways cash in on utilities

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/tv-images/2016/11/29/cash-exchange-800x800.jpg?itok=jRXDN7Ku

MUMBAI: Utility and other companies are seeing more pronounced use of plastic money or online payments -- the obvious choice of the connected world in the times of demonetisation.

Since inception, DishTV has been open to e-payment. The company is in sync with the government's demonetisation. It has witnessed over 65 lakh unique transactions through electronic payment till date.

The service tax component on the above transaction was approximately Rs 2600 lakh. DishTV incurred a collection cost of four per cent on the tax. The tax is in addition to state entertainment tax and the license fee levied by MIB on DTH operators. Other distribution platform are not subject to license fee.

As per industry estimates Rs 25000 crore of turnover escapes tax compliance in Cable TV services which results in loss of direct and indirect taxes to the tune of Rs. 8000 crore to the exchequer on annual basis. Demonetisation, timely implementation of digitisation and rollout of GST will bring in much needed transparency and ensure a level playing field.

Not only the entertainment services, the transport services too are using plastic money. Popular digital payment solution, Ola Money can be used at over 25 major utilities including BESCOM, BSES, Reliance Energy and Indraprastha Gas. It is already being accepted by over 500 merchants across online payments and offline POS, outside the Ola platform. A maximum recharge of up to Rs. 20,000 is permitted on Ola Money wallet until 30 December, 2016.

Ola Money announced that it has enabled cashless payments through its wallet for key utilities. By selecting the ‘Bill Payment’ option on the Ola Money app and selecting their utility provider, users can instantly pay their utility bills with one touch. The RBI recently increased the recharge limit on wallets like Ola Money from Rs. 10,000 to Rs. 20,000 until 30 December to facilitate cashless transactions.

Ola Money SVP and head Pallav Singh said, “We are proud to add 25 leading utilities to this list. We are coupling our experience in payment technology with our deep commitment to keep India moving towards a cashless economy." Ola Money can be recharged using net banking debit cards or credit cards including MasterCard, VISA, American Express and RuPay.

The department of telecommunications notification has extended the deadline for the acceptance of 500 rupee notes as legal tender for recharging prepaid phones for top-ups till 15 December, 2016. The Cellular Operators Association of India (COAI) director-general Rajan Mathews said, “Despite initial teething problems, demonetisation will benefit the nation by driving increased digital transactions, promoting transparency, boosting tax collection and ensuring social equity.."

Continuing the use of old Rs 500 notes as legal tender for prepaid mobile services is crucial because industry estimates indicate between 30 per cent and 50 per cent fall in demand as customers are still struggling with less cash in hand.

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/01/16/btvi.jpg?itok=qISyUVB1
BTVI brings power packed line up to decode Budget 2018

As the Central Government gears up to present the last full budget before elections in 2019, India’s premiere English business news channel, BTVI has launched a power packed line up of shows in the run up to Union Budget 2018. Given the significance of this budget, the channel has aptly introduced...

iWorld Over The Top Services
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/01/16/media.jpg?itok=7wUGju8f
hoichoi launches new brand anthem to celebrate life

After entertaining audiences with the best in Bengali entertainment, hoichoi, the world’s largest digital platform exclusively for Bengali content, has now launched its brand anthem. The anthem is an ode to celebration and talks about taking a break from busy schedules, getting together and having...

iWorld Over The Top Services
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/01/16/sonyliv.jpg?itok=hFJPxCYg
Live coverage of Australian Open 2018: #LIVtheGrandSlam

SonyLIV, the premium OTT platform of Sony Pictures Networks India (SPN), is all set to stream the Australian Open 2018. Also, known as the ‘Fans Slam’, the Australian Open is chronologically the first of the four Grand Slam Tennis events of the year. It will play out on SonyLIV from 15-28 January...

iWorld Over The Top Services
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/01/16/sports.jpg?itok=pkj30Emb
Launch of 1st indian sports radio channel - sports flashes

Sports Flashes, India’s biggest Multi-sports app launched the first Sports Radio Channel of India.

iWorld Over The Top Services
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/01/16/uday.jpg?itok=ez6062BP
Sports fans power 35-40% of traffic on SonyLiv

MUMBAI: Contrary to popular opinion, SonyLiv is attracting a significant quantum of viewership courtesy its base of hardcore sports fans. Despite a concerted effort to provide entertainment across genres, sporting events have managed to pull in the eyeballs for the over-the-top (OTT) player in...

iWorld Over The Top Services
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/01/15/amaz.jpg?itok=N7-E2qx5
Amazon prime music inks a deal with zee music company

Amazon today announced a content deal with Zee Music Company that will add over 450 film soundtracks in Hindi & regional languages alongside 250 Independent artist content thus adding to the wide catalogue of millions of Indian and International songs on Amazon Prime Music. Soon to be launched...

iWorld Over The Top Services
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/01/12/airtel.jpg?itok=FsGNP_Vk
Airtel offers free Amazon Prime subscription on plan

Bharti Airtel and Amazon India have joined hands to ring in an entertaining new year for customers. New and existing Airtel postpaid customers with an infinity plan of Rs 499 or above will get a one-year Amazon Prime membership, worth Rs 999 for free.

iWorld Over The Top Services
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/01/12/vijay.jpg?itok=K6haw0Y9
Evergent expands internationally and opens sales offices in india and south america

a leading provider of cloud-based, user lifecycle management solutions for video service providers, today announced the opening of two new sales offices in Mumbai, India and Sao Paulo, Brazil that will service the India, South Asian and South American markets supporting customers and partners —...

iWorld Over The Top Services
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/01/09/neeraj_0.jpg?itok=n3xpoknu

Neeraj Bhargava

Kinsane to launch a digital-first kids' entertainment company

Kinsane Entertainment Inc (Kinsane) is ready to storm the kids’ entertainment space globally. A digital-first company, Kinsane will create content for kids aged 2-11 years in numerous languages and distribute that content globally through a variety of advertising, subscription and transaction-...

iWorld Over The Top Services

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories