Page 52 - Banking Finance August 2022

PRESS REALEASE

PrasannaLohar, Chief Innovation Officer, DCB Bank, to Gold partners - Web Works and Iron Mountain, Haptik
name a few... Technologies Limited, Solace
The show will featureBig BFSI Awards, an awards ceremony Award Partner - Yubi
to honourthe top 100 Leaders in India for their technology Silver partners - Denodo, Accops, Tata Tele Business Services
leadership, strategic influence, and significant contribution (TTBS) and Site 24X7
towards delivering excellence and innovation in the BFSI
Bronze partners - NeoSOFT Technologies, Dista, Manage
domain.
Engineand Kaleyra
The winners will be announced at the Big BFSI Future Tech
To claim your complimentary passes to the event please visit
Show & Awards on 27 July 2022, taking place at TajLands
theofficial event website.
End in Mumbai, India.
About Big BFSI Future Tech Show
The event will also host an exciting contest wherein 10 lucky
Big BFSI Future Tech Show & Awards is a thought-leadership-
winners will be awarded with gift hampers.The show will
driven, business-focused effort that offers a platform for
conclude with a networking cocktailfor the attendees. tech professionals who wish to investigate and use cutting-
While speaking about the event, CEO of Trescon, Mithun edge future technology within their company.
Shetty stated "After 9 successful editions, we are excited About Trescon
to bring yet another Big BFSI Show and Awards which is
Trescon is a global business events and consulting firm that
bringing together pre-qualified leaders, marketers, and
provide a wide range of business services to a diversified
experts under one roof to provide the attendees with
client base that includes corporations, governments and
actionable insights for their business strategy through a mix individuals. Trescon is specialized in producing highly focused
of informative sessions, keynotes, case studies, fireside chats, B2B events that connect businesses with opportunities
one-on-one sessions, and panel discussions." He further through conferences, roadshows, expos, demand
added, "The show will revolutionize the future of banking, generation, investor connect and consulting services.
innovation and technology, and everything willbe in one
For further details about the announcement,
distinct landscape where trust is the only thing you have to
please contact:
sell in banking and finance."
Sagari S Satthianadhan,
Partners at Big BFSI Future Tech Show & Awards
Media, PR & Corporate Communications, Trescon
include: +91 81059 75937
Supported By - NITI Aayog media@tresconglobal.com

No more mandatory GST registration for small online sellers, but
with riders

Goods and Services Tax (GST) Council has cleared the proposal to waive mandatory registration of such online ven-
dors if their turnover is lower than Rs 40 lakh and Rs 20 lakh for goods and services, respectively. This is likely to
come into effect from January 1. While this move will bring parity between online and offline sellers, it is subject to
certain conditions, Finance Ministry officials said.
In addition to the waiver, the GST Council also permitted composition dealers - those with a turnover of up to Rs 1.5
crore who pay GST at flat rates with input tax credit (ITC) - to make intrastate supplies through e-commerce com-
panies. These small online vendors will have to declare their Permanent Account Number (PAN), and principal place
of business. Further, unregistered entities will also be restricted to declare their principal place of business only in
one state, and will not be permitted to make interstate taxable supplies.

"The challenge for us in online service, a seller can sell through multiple e-commerce operators - Flipkart, Amazon,
etc. We want one identity of that seller in the virtual world. So we will take the PAN number, do a KYC…we'll aggre-
gate and find out that their turnover doesn't exceed the threshold," a government official said.

52 | 2022 | AUGUST | BANKING FINANCE