Indian shares posted their longest daily losing run in nearly eight months on Wednesday as worries over the intensifying conflict in the Middle East and fluctuations in U.S. bond yields made investors nervous
Gross Goods and Service tax collections have gone over Rs 162,000 crore in September, around 10 per cent higher than the GST revenue of Rs 1.47 trillion in the same month last year, the finance ministry said in a statement
Girish Vanvari of Transaction Square, a tax regulatory and business advisory firm explains the nature of taxation and policy approach at play in light of the GST notices being sent to gaming companies.
The country has been seeing collections above the Rs 150,000 crore mark since February 2023 and this is the fifth time collections have been over Rs 1.6 lakh crore since the inception of the GST in 2017
Based on the GST council’s recommendations, taxes will be imposed on the amount spent to purchase chips in a casino, the total value of bets placed through bookmakers for horse racing, and the full value of bets made in online gaming.