Supreme Court

GoM’s proposal of 28% GST: Black market will thrive, FDI will be hit, says gaming industry

[ad_1] A higher tax slab for online gaming will not only lead to proliferation of a parallel black market but also act as a major barrier when it comes to attracting foreign direct investment (FDI), say industry experts. The reaction comes days after an empowered group of ministers (GoM) — set up to look into …

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Supreme Court uses overriding power to settle 9,000 tax cases

[ad_1] In a path-breaking verdict in income tax jurisprudence, the Supreme Court on Wednesday invoked its extraordinary powers under Article 142 to ward off a deluge of over 9,000 cases from inundating the top court’s docket. Article 142 of the Constitution empowers the Supreme Court to pass such “decree or order as may be necessary …

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