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.
It comprises Rs 3,19,036 crore Tax Revenue (Net to Centre), Rs 2,51,722 crore of Non-Tax Revenue and Rs 2,087 crore of Non-Debt Capital Receipts, on account of Recovery of Loans.
Lately, the debate over wealth taxation has intensified, with proponents arguing for its role in addressing income inequality and funding social programmes. However, implementing a wealth tax is not without its challenges and drawbacks.
Zomato received a tax demand, interest, along with penalty, to the tune of Rs 23.26 crore from Assistant Commissioner of Commercial Taxes (Audit), Karnataka, the company said on Sunday.
While posts on WhatsApp would have us believe that taxpayers, who are allegedly in a minuscule minority, are a muchharassed lot, the Government pushes a diametrically opposite narrative viz.
The provisional figures of Direct Tax collections continue to register steady growth.
