Reliance, Disney to Merge India Media Assets to Create $8.5 Bn Powerhouse

Mukesh Ambani led Reliance Industries and Walt Disney announced the merger of their India TV and streaming media assets, creating an $8.5 billion entertainment juggernaut far ahead of rivals in the world’s most populous nation. Largest Indian conglomerate will inject $1.4 billion in the merged entity, with the company and its affiliates holding a more than 63% stake, with Disney owning the rest. The merger values the India business of the US entertainment giant at just around $3 billion, far

Indirect Tax Alert – November 2023

Indirect Tax News Letter GST Calendar –Compliances for the month of December’2023 Nature of Compliances Due Date GSTR-7 (Tax Deducted at Source ‘TDS’)  December 10, 2023 GSTR-8 (Tax Collected at Source ‘TCS’)  December 10, 2023 GSTR-1  December 11, 2023 IFF- Invoice furnishing facility (Availing QRMP) December 13, 2023 GSTR-6 Input Service Distributor December 13, 2023 GSTR-2B (Auto-Generated Statement) December 14, 2023 GSTR-3B  December 20, 2023 GSTR-5 (Non-Resident Taxable Person) December 20, 2023 GSTR-5A (OIDAR Service Provider) December 20, 2023 PMT-06