GST seminar in city on Feb 28

PANAJI:  With GST laws and compliance processes constantly changing since its launch in 2017, payment of the tax is a challenge to tax payers. The current form of GST is quite different from what it was at the time of its launch.  More significant changes in GST laws are expected this year which includes new set of return filing forms effective from April 1 along with another important changes in the form of a new system of e-invoicing. To help the Goan taxpayers understand the full impact of these important changes, GCCI in association with the Confederation of GST Professionals and Industries (CGPI) is organising a full-day seminar on February 28, Friday at auditorium 1, ESG Complex, Panaji. Those interested can contact GCCI. NT

Gulf Oil-Pitstop launch doorstep car assistance  

MUMBAI: Gulf Oil, a lubricant brand, and Pitstop, a doorstep car service and repairs provider have signed a strategic partnership to provide doorstep assistance for car service and repairs in Mumbai, Pune and Gurugram. This alliance between Gulf Oil and Pitstop aims to launch 250 vans by this year end and is already rolling out 10 dedicated vans each in Mumbai, Pune and Gurugram.  Over 1500 service fleet will be deployed over the next year in these cities to ensure the last mile service. With this service, the brands aim to cater to housing societies, hotels, hospitals, malls and industries at their doorstep with one tap on a mobile app called Pitstop. NT

SBI Cards IPO to open on March 2

MUMBAI: SBI Cards and Payment Services, the credit card arm of State Bank of India (SBI) initial public offering (IPO) will open for subscription on March 2, a statement said on Thursday. SBI Cards is the second-largest credit card issuer in India with an 18 per cent market share. The IPO will close on March 5. SBI Cards will offer up to 130,526,798 equity shares through offer for sale route. This would include up to 37,293,371 share sale by SBI and up to 93,233,427 shares on offer by Carlyle Group. In addition, the company will also issue fresh equity shares of Rs 500 crore. SBI holds 76 per cent in SBI Cards and rest of the stake is held by Carlyle Group. Kotak Mahindra Capital, Axis Capital, DSP Merryl Lynch, Nomura Financial Advisory, HSBC Securities and SBI Capital Markets are the book-running lead managers of the issue. UNI