The Directorate General of GST Intelligence will now aggressively pursue tax recovery from online gaming companies after the Supreme Court upheld a 28% GST levy on the full bet value. This ruling validates tax evasion allegations of approximately ₹1 lakh crore against around 80 companies, paving the way for significant recovery proceedings.
Ind-Ra downgrades Jana Capital, Jana Holdings NCDs to default
India Ratings downgraded Jana Capital and Jana Holdings’ NCDs to default after both entities extended debt repayments by six months due to refinancing challenges. Jana