Angst over the small number of taxpayers does not account for the reality of ‘everyone pays GST’. Moreover, the facts clearly show that the income tax base is wide enough and growing.
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Since the revision in GST rates and notices demanding payment of taxes with retrospective effect, the once thriving online gaming sector has been saddled with mounting losses and competition from illegal offshore platforms.
Despite facing challenges around its business model, the ride-hailing platform has outpaced larger rivals, carved out a niche for itself, particularly in smaller cities, and joined the unicorn club.
A wave of demands for payment of GST on intra-company transactions has opened up a new front between corporates and the government. A dent to the ease-of-doing-business ranking is the likely first casualty.