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.
Centre hopes to surpass the direct tax target of Rs 22 lakh crore in the current fiscal year 2024-25, Central Board of Direct Taxes (CBDT) Chairman Ravi Agarwal said on Monday.
South Korean battery stocks plunged on Friday on reports that President-elect Donald Trump's transition team plans to scrap the $7,500 tax credit for EV purchases as part of broader tax legislation.
The Board of Directors of Life Insurance Corporation of India (LIC) has approved and adopted the standalone and consolidated financial results for the six months ending 30 September.
In a bid to enable states to boost development and capital spending, the Centre on Thursday said it has released tax devolution of Rs 1,78,173 crore to state governments, as against the normal monthly devolution of Rs 89,086.50 crore.
Ahead of the festive season, the Union Government has released Rs 1,78,173 crore to state governments as tax devolution on October 10.
