The decision to increase the tax rate on online gaming demonstrates that the GST regime still exhibits stratification, deviating from the original aim of uniformity.
It will deter consumers from using legitimate platforms & may promote betting and gambling, they add. Industry contributed more than Rs 2,200 cr GST in 2022.
Finance Minister Sitharaman announces decision taken at GST Council meet, adds cancer drugs, medicines for rare diseases and food products for special medical purposes exempt from GST.
It would ideal that we have only one tax law for the entire country—One Nation, One Tax. It should be such that it calculates the tax due and recovers it too.
The increase — from Rs 1,800 cr to around Rs 6,000 cr — will be driven by various factors like expansion of fleets & ongoing investment in airports, says CRISIL Ratings report.
Even if credit expansion to corporates begins today, it’s too late for there to be any real impact in terms of new investments and job creation before May 2024.
The GST council must incorporate suitable provisions under the GST law to empower taxpayers to immediately remove disruptions in smooth flow of goods due to discretionary powers of authorities.
The total collection for 2022-23 fiscal year stands at Rs 18.10 lakh crore, 22 per cent higher than the previous year. The average gross monthly collection for the year is Rs 1.51 lakh crore.
A stunted middle class may be a direct result of extreme inequality. Folks at the top don’t see teeming masses as a meaningful market, except for utilities, soap, short videos, and personal loans.
Based on inflation figures for the last three months, RBI is expected to look for confirmatory evidence that can mark the beginning of a sustained decline in core inflation.
It is argued that India-Israel ties are moving from buyer–seller dynamic to one focused on joint development & manufacturing partnership, a shift 'more durable' than traditional arms sales.
Don’t blame misfortune. This is colossal incompetence and insensitivity. So bad, heads would have rolled even in the old PSU-era Indian Airlines and Air India.
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