#gst
CAIT seeks further GST simplification, says monthly collections have risen sevenfold since rollout
Traders' body CAIT seeks simpler GST rules. Tax collections have surged since 2017, but ground-level compliance remains difficult. More simplification will bring more businesses into the formal economy. This boosts government revenue and improves the economy.…
RMG cos reel from GST ruling; new-age firms’ costly ride
Happy Friday! The Supreme Court’s latest GST ruling is the final blow for real-money gaming platforms after last year’s ban. This and more in today’s ETtech Morning Dispatch.
SC's GST ruling on online gaming: A loaded dice
Government and state lawmakers have agreed to impose GST on online gaming. This tax will apply retrospectively to curb unregulated wagering. Courts previously struggled to differentiate between games of skill and chance. This move aims to regulate the industr…
No need to reduce GST on flex-fuel vehicles: Tata Motors MD
Tata Motors MD urges government to lower fuel prices, not GST, to boost flex-fuel vehicle adoption amid rising fuel costs.
CV industry showing resilience, not much impact of fuel price hike on demand: Ashok Leyland MD
The Indian commercial vehicle sector shows remarkable strength. Fuel price increases from the West Asia conflict have not significantly impacted demand. Lower GST rates and the replacement of old vehicles are driving sales. Ashok Leyland expects continued str…
Gaming firms face ₹2.5 lakh crore exposure as Supreme Court upholds 28% GST on betting value
The Supreme Court has made headlines with its ruling, requiring online gaming platforms to pay a hefty 28% GST on the entirety of the bet value. This decision could precipitate a colossal tax obligation estimated at ₹2.5 lakh crore for the industry.
What SC 28 % GST ruling means for India online gaming industry
Insurance premium financing gaining traction after GST waiver: BimaPay CEO Hanut Mehta
The company’s premium disbursements are expected to reach ₹2,500 cr in FY27 from Rs 1200 cr in FY26
SC verdict on GST leaves real-money gaming firms staring at a Rs 92,000-crore question
Wednesday’s ruling, backing tax demands on past transactions, could have major financial implications for the sector. A lawyer representing one of the large gaming companies involved in the dispute said platforms will now have an opportunity to individually r…
Delhi HC shields IndiGo from ₹458-cr GST over engine compensation dispute
The case goes back to 2018-19 and 2019-20 when engine defects forced IndiGo to ground some aircraft. The airline lost flying hours and suffered business losses. To make up for these losses, the foreign engine supplier issued IndiGo credit notes worth around …
India should increase investment in R&D to 2 per cent of GDP: Niti Aayog
Niti Aayog has urged India to boost research and development investment to two percent of GDP within five years. The report suggests restoring a five percent GST slab for R&D procurement. It also calls for fiscal incentives to encourage private sector R&D spe…
ED arrests Punjab minister Sanjeev Arora in Rs 100 crore money laundering case
The Enforcement Directorate (ED) on Saturday arrested Punjab minister Sanjeev Arora in connection with an ongoing Rs 100 crore money laundering investigation linked to alleged fraudulent Goods and Services Tax (GST) transactions, officials said.
GST strong, consumption faces headwinds as risks mount
In this episode of State of the Economy, Shishir Sinha speaks with Ranen Banerjee, Leader, Economic Advisory Services at PwC India, on what the latest high-frequency indicators reveal.