Investment Confidence
India’s economic story has reached an unusual turning point. For years, policymakers focused on removing the structural bottlenecks that discouraged private investment.
India’s economic story has reached an unusual turning point. For years, policymakers focused on removing the structural bottlenecks that discouraged private investment.
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.
Ahead of the festive season, the Union Government has released Rs 1,78,173 crore to state governments as tax devolution on October 10.
The local truck owners association has urged the police administration to reconsider its decision to prohibit the entry of commercial vehicles on the national highway in Birbhum district for thirteen consecutive days, beginning today, due to the upcoming Durga Puja festivals.
With GST 2.0, the long-standing demands of the industries like tax simplification can also be resolved.
The debate surrounding the taxation of health and life insurance premiums in India has taken a significant turn with the recent consensus among members of the Goods and Services Tax (GST) Council to consider reducing the current 18 per cent levy.
This includes Rs 7,15,224 crore in Tax Revenue (Net to Centre), Rs 3,01,796 crore in Non-Tax Revenue, and Rs 6,386 crore in Non-Debt Capital Receipts.
