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Service tax not applicable on permanent transfer of IP Rights

December 3, 2020 cyketanloan

SKOL Breweries Ltd. (Now known as Anheuser Busch InBev India Ltd.) Vs C.C.E & C.S.T. (CESTAT Bangalore) Conclusion: Assignment of trademark and the IPR were amounted to permanent transfer and no service tax was applicable on permanent transfer of IP…

South Korea’s National Assembly Approves Amendment to Push Crypto Tax Rule to January 2022

December 3, 2020 cyketancryptocurrency

South Korea is set to enforce its upcoming crypto tax law in January 2022 instead of the earlier proposition of October 2021. This will give crypto stakeholders operating within its jurisdiction one more year to sort out in-house tax reporting…

Kraken Daily Market Report for December 02 2020

December 3, 2020 cyketanbitcoin

Overview Total spot trading volume at $497.5 million, lower than the weekly average of $773.78 million as Bitcoin prices cooled off, but almost all coins had positive returns. Trading with USD dominated (58% of fiat trading). In addition, four of…

This DeFi app based on Ethereum just stole $12 million from its users

December 3, 2020 cyketanbtc

The Ethereum decentralized finance (DeFi) space was just hit with a “rug pull,” with unknown developer(s) dragging in $12 million in what seems to be the biggest ostensible scam in recent weeks. Here is that story. What is Compounder Finance?…

Cranky Business Customers Sound Off on Credit Card Features & Apps

December 3, 2020 cyketanbank

Subscribe to The Financial Brand via email for FREE! More than any other segment of the economy, small business has experienced great stress during the pandemic. More than half of 3,000 small businesses surveyed by J.D. Power report significantly…

NAA finds Electronic Mart India guilty of Profiteering on Monitors & TVs

December 3, 2020 cyketanloan

M. Srinivas Vs Electronics Mart India Ltd. (NAA) The brief facts of the case are that an application dated 29.03.2019 was filed by the Applicant No. 1, under Rule 128 (1) of the CGST Rules, 2017 before the Standing Committee…

DoorDash Hopes to Secure $2.8B in IPO to Raise Company’s Valuation to $32B

December 3, 2020 cyketancryptocurrency

As DoorDash gears towards its IPO, the food delivery app is set to join its competitors that are already publicly traded. The US leading food delivery app DoorDash is hoping to be valued at $32 billion after securing about $2.8…

Market Wrap: Bitcoin Flat at $19K While Ether Options Traders Bet Bearish on 2021

December 3, 2020 cyketanbitcoin

Low volumes are keeping the bitcoin market in the $19,000 neighborhood; option traders expect a high ether price in December but aren’t so convinced about next year. Bitcoin (BTC) trading around $19,110 as of 21:10 UTC (4:10 p.m. ET). Gaining…

Decred (DCR) Pumps 50% as Social Sentiment Surges

December 3, 2020 cyketanbtc

Decred’s DCR token has literally lifted off today in a monumental surge from $26 to top out over $40. The massive move has added over 50% to DCR prices but it had begun to pull back from the pump at…

PNB completes IT integration of all branches of erstwhile Oriental Bank of Commerce, BFSI News, ET BFSI

December 3, 2020 cyketanbank

Public lender, Punjab National Bank has completed the IT integration of all branches of erstwhile Oriental Bank of Commerce (OBC). All customers of OBC have now been migrated to the Core Banking System (CBS) of Punjab National Bank wherein they…