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Data● Neutral for Indian equities
CAG flags weak GST recovery, ₹2,500 crore demand gap in Odisha tax net
The brief
- About ₹110 crore recovered against over ₹2,500 crore in Odisha GST demands
- Audit flagged excess input tax credit and gaps in e-way bill monitoring
- GST Council to simplify processes, cut penalties
- Another price hike inevitable due to higher input costs: Tata Motors PV MD Shailesh Chandra
- GST Council’s October 7 meeting to focus on process reforms; no broad rate changes expected
- Buzzing Stocks: ESDS Software slips 5% despite 14% profit jump; JSW Cement falls on ₹230 crore GST notice
- GST Council to review proposed levy on UPI merchant fees above ₹2,000