Festive cheer with GST 2.0; Amazon’s $200 million NBFC bet

Happy Friday! Ecommerce is expected to win big this festive season on the back of new GST relief. This and more in today’s ETtech Morning Dispatch.

Also in the letter:
■ Kaynes semicon plans
■ Bluestone Q1
■ QuantE funding

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Zomato, Swiggy plan to pass on Rs 180-200 crore GST burden

While ecommerce basks in the GST glow, food delivery platforms are dealing with a fresh blow.

The GST Council has ruled that platforms such as Zomato and Swiggy must now pay 18% GST on behalf of their gig workers. This change is expected to cost both firms Rs 180–200…