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Most Indian crypto investors want equity style taxes while 66% call current rules unfair

Most Indian crypto investors want equity style taxes while 66% call current rules unfair

A CoinSwitch survey ahead of India’s Union Budget finds 61% of crypto investors want taxation aligned with stocks or mutual funds, while 17% favour a separate framework. Despite mixed preferences, 66% describe the current regime as unfair, pointing to the need for clearer, more rational rules that better match how investors view crypto assets.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
GST Council to meet next week to lock 28% levy on online gaming on face value

GST Council to meet next week to lock 28% levy on online gaming on face value

The GST Council will hold a virtual meeting on August 2 to finalize legal amendments for the 28% tax levy on online gaming, casinos, and horse racing. The maximum slab was decided on July 11 and applies to full face value. Officials say there is no change of heart, only work underway to settle technical and legal details.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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India Inc urges Budget reforms and tax stability with new dispute settlement proposals

India Inc urges Budget reforms and tax stability with new dispute settlement proposals

ASSocham has pitched the government to extend the “Vivad Se Vishwas” settlement scheme beyond current coverage into highly regulated sectors such as telecom, power, and mining. It also wants a dedicated dispute resolution mechanism for customs-related cases, arguing that tax and procedural stability would reduce litigation burdens and improve business certainty.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
GST rate rationalisation could scrap the 12% slab soon but revenue risks remain

GST rate rationalisation could scrap the 12% slab soon but revenue risks remain

India is weighing GST rate rationalisation to simplify the current four-slab structure, with talks that may consolidate rates and even remove the 12% slab. Officials must, however, balance lower tax burdens on essentials with the need to protect revenue collection. The final design will depend on how much simplification is feasible without triggering shortfalls.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
SC ruling on tax havens threatens VC offshore deals and could reshape startup fundraising in India

SC ruling on tax havens threatens VC offshore deals and could reshape startup fundraising in India

With India’s IPO boom fueling a “happy harvest” for PE and VC, a Supreme Court stance is casting a shadow over how offshore investors structure funds into the country. Stakeholders fear renewed scrutiny of complex cross-border arrangements, and the court has signaled that simply producing tax-haven residency certificates won’t automatically justify tax treatment.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
IPL teams seek tax cut by reclassifying match tickets as sports not entertainment

IPL teams seek tax cut by reclassifying match tickets as sports not entertainment

IPL teams have appealed to the government to reclassify ticket sales so matches are treated as “sports” rather than “entertainment.” They argue the current 40% GST on tickets is disproportionately high for sporting events and should be reduced. The teams say the change would boost demand, support the sports ecosystem, and accelerate the league’s long-term growth.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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Budget 2026 cuts overseas tour TCS to flat 2 percent slashing costs for Indian travellers

Budget 2026 cuts overseas tour TCS to flat 2 percent slashing costs for Indian travellers

Union Budget 2026 reduces Tax Collected at Source (TCS) for overseas tour packages, setting a flat 2% rate on international travel. The move lowers the prior TCS structure, which ranged from 5% to as high as 20%, making foreign trips more affordable for Indian citizens and easing the upfront tax burden.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Budget expands GST reach on OIDAR digital services and data access platforms in India

Budget expands GST reach on OIDAR digital services and data access platforms in India

India’s GST treatment of Online Information and Database Access Service (OIDAR) is rooted in a tax levy introduced in 2001 under the earlier service tax regime, then widened in 2016 to bring more digital services under tax. The Budget 2023-24 further broadens the scope, tightening how data access and related online services are classified for GST.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Supreme Court GST ruling could reshape India gaming industry after Gameskraft INR21000 crore fight

Supreme Court GST ruling could reshape India gaming industry after Gameskraft INR21000 crore fight

Gaming firms are watching the Supreme Court case involving Gameskraft’s INR21,000 crore GST demand, which could end the long debate over whether games are of skill or chance. With an upcoming 28% GST on the full face value of bets, the judgment may also clarify whether retrospective taxation applies.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Carpet industry backs easier GST compliance but fears higher costs on finished goods

Carpet industry backs easier GST compliance but fears higher costs on finished goods

India’s handmade carpet industry says eased GST compliance is welcome, but it is worried about taxation on finished products. The sector employs over 20 lakh workers and artisans, many in rural areas and especially women, and any added cost could disrupt demand, reduce incomes, and pressure small units already operating on thin margins.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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Budget push gathers industry input on tax rates base and duty structure

Budget push gathers industry input on tax rates base and duty structure

Ahead of the Union Budget process, the Finance Ministry has invited suggestions from industry and trade bodies on possible changes to duty structures, tax rates, and the broadening of the tax base. The communication covers both direct and indirect taxes and asks stakeholders to provide economic justifications for proposed changes.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
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