The Supreme Court on Wednesday upheld the retrospective levy of 28 per cent GST on online gaming bets, holding that the tax was constitutionally valid and did not violate the constitutional framework governing Goods and Services Tax.
The initiative aims to simplify the tax system, maximise the use of technology, and promote ease of doing business.
Diversification of revenue streams has emerged as a critical buffer for brokerage firms amid rising regulatory and tax-related headwinds, according to a report by Crisil Ratings.
India's tax collections could surge in FY27, with gross tax buoyancy rising to 1.1 from a projected 0.64 in FY26, a report said on Wednesday.
Krishnagar Municipality has rolled out a comprehensive public awareness drive combining civic discipline, citizen convenience, and digital accountability, signalling a renewed push towards cleaner streets, timely tax compliance, and streamlined municipal services.
The Indian Chamber of Commerce (ICC) hosted a special session in Kolkata on “GST 2.0: Impact & Way Forward”, focusing on the next phase of India’s indirect tax reforms.
Three decades ago, India embarked on a quiet revolution. The liberalisation of 1991 opened locked doors for entrepreneurs, dismantled layers of control, and gradually replaced suspicion with trust.
Criticising the Congress, the Prime Minister said, “In 2014, when the BJP came to power, we managed to bring the nation out of the ‘loot tantra’ triggered by the Congress.”
A sudden tremor has unsettled the foundations of India’s most globalised industry. A bill introduced in the United States Senate proposes a steep levy on companies that send technology work overseas, while simultaneously stripping away the tax deductions that have long underpinned the economics of outsourcing.
With the income tax return (ITR) filing date extended to September 15, taxpayers have more time to decide whether to choose the old or new tax regime.
