MoD to fully reimburse 18% GST on R&D grants, bringing relief to defence startups

India's GST at 9: Experts Urge Reforms to Boost Auto Industry Export Competitiveness

As India's GST completes nine years, tax experts urge targeted reforms to resolve inverted duty structures on EVs, legacy cess credits, and refund inefficiencies. These changes aim to boost export competitiveness for India's third-largest automobile market, which contributes 7% to GDP and supports 37 million jobs.

Is India’s AI moment here? Not yet, as funding and compute lag behind US and China

India's AI ecosystem, despite a surge in startup funding, remains far behind global leaders like the US and China due to inadequate compute capacity, weak research, and a lack of billion-dollar revenue companies. The report highlights the need for sovereign compute and a shift from model building to deployment in sectors like agriculture and healthcare.

Tax Amendment Bill 2026 proposes easier rules for offshore funds managed from India

The Taxation and Other Laws (Amendment) Bill, 2026 proposes to substantially relax eligibility conditions for Eligible Investment Funds (EIFs) managed from India, removing investor thresholds and corpus requirements. The bill also replaces the June 5 ordinance that exempted FPIs from tax on G-Sec interest and capital gains, part of a broader push to attract foreign capital and support the rupee.

July GST collections up 15.4% to Rs 2.1 L cr on higher imports