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Karnataka vegetable vendor hit with Rs 29 lakh GST notice. Here's why

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  Selling veggies for four years and accepting UPI has landed Shankargouda with a Rs 29 lakh GST notice on Rs 1.63 crore turnover. Shankargouda Hadimani, who runs a tiny vegetable shop near the Municipal High School grounds, has been asked to pay Rs 29 lakh under the Goods and Services Tax (GST) rules . Vegetable seller in Haveri gets Rs 29 lakh GST notice unexpectedly Fresh vegetables are GST exempt when sold directly from farmers Many small vendors have switched from UPI to cash A small vegetable seller from Haveri, Karnataka, has been left shocked after getting a huge tax notice. Shankargouda Hadimani, who runs a tiny vegetable shop near the Municipal High School grounds, has been asked to pay Rs 29 lakh under the Goods and Services Tax (GST) rules. Shankargouda has been selling vegetables for the last four years. Most of his customers pay through UPI or other digital wallets. The trouble started when GST officials sent him a notice claiming he had made transactions worth Rs 1.6...
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India's UPI Surpasses Visa To Become World’s Top Real-Time Payment System: IMF

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India's UPI payments, handling 640 million daily transactions, surpassing Visa. UPI powers 85% of India's digital payments and 60% globally, now live in seven countries. India UPI Payments: India’s real-time payment technology UPI (Unified Payment Interface) has emerged as the global leader surpassing Visa, according to a recent note by the International Monetary Fund titled Growing Retail Digital Payments: The Value of Interoperability. The IMF report states that UPI has powered 85 per cent of India’s digital payments and nearly 60 per cent globally. UPI is handling 640+ million transactions daily, head of Visa, the report stated, adding that Rs 24 lakh crore processed via 18.39 billion UPI transactions in June 2025. The transaction percentage rose 32 per cent YOY compared to the same month last year at 13.88 billion.
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India’s most underrated investment asset

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India's most underrated investment asset Some time ago, someone asked me what I considered the most underrated investment asset in India. It's the sort of question that could invite a dozen different answers, depending on your perspective. Depending on your perspective, you argue for practically anything. However, suppose one steps back and takes a wide-angle view of the entire savings landscape in India. In that case, there's only one possible answer: equity, and by extension, equity-backed mutual funds. This might sound counterintuitive, even illogical. After all, equity markets generate considerable noise in investment circles. The pink papers and the business channels are filled with stock analyses, market predictions, and trading strategies. Social media is full of tips, recommendations, and market commentary, good or bad. All in all, the equity markets seem anything but underrated or ignored. But here's the point that readers of this column probably don’t notice: ...
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