Top headlines: Fantasy games may be taxed at 28%, input tax credit & more

The exposure of debt mutual fund (MF) schemes to certificates of deposit (CDs) issued by banks has more than doubled in the past year

The Goods and Services Tax (GST) Council in its two-day meeting is likely to consider a proposal for imposing a flat 28 per cent tax on online skill gaming, bringing it on a par with betting and gambling. It had been argued that online skill gaming and gambling should not be distinguished “merely on the ground that an activity is a game of skill or chance or both”. India’s biggest carmaker Maruti Suzuki would go for the Bharat NCAP ‘star rating’ for its vehicles only if the customer shows a preference for the mechanism proposed under the Bharat New Car