Policy

BMC entertainment tax proposal likely to marginally increase ticket prices by Rs 5-10

• Mumbai movie tickets could rise by Rs 5-10 if BMC raises per-show tax from Rs 60 to Rs 400
• Exhibitors and producers say…
• Higher ticket prices may affect Mumbai cinema attendance and listed multiplex operators

India should tax capital income, not wealth or inheritance: Economist Daniel Waldenstrom

• Daniel Waldenstrom says India should tax capital income, including corporate profits and dividends, to address inequality
• A capital-income tax focus could affect Indian companies and dividend investors

What should businesses expect from the 57th GST Council meeting

• The 57th GST Council meeting follows several rounds of discussion on rate adjustments
• The objective is a simpler, streamlined rate structure
• GST rate changes could affect costs and demand for Indian businesses across sectors

GSTAT opens online route to club identical GST disputes

• Taxpayers with multiple GSTINs linked to one PAN can select appeals on identical legal questions pending before different benches
• Simpler GST appeals may reduce compliance burdens for Indian businesses

GST relief for gaming companies raises hopes across the sector

• Tax authorities took a softer approach in the first four final GST orders after the Supreme Court ruling
• Gaming companies may benefit from lower GST-related uncertainty

GST Council likely to consider allowing investigating agencies, police to use NATGRID to access GST data

• GST Council may consider allowing NATGRID agencies and police to access GST data

Pharma, textiles, EVs seek GST fix for duty inversions

CREDAI says unable to build affordable homes due to high input cost, taxes; seeks govt sops