Policy

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

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

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

ideaForge Faces ₹109 Cr GST Demand, Penalty Over Alleged Tax Underpayment

• ideaForge received a GST demand and penalty order totalling ₹109.2 Cr over alleged tax underpayment
• The tax exposure may weigh on ideaForge Technology shares

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