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The Latest Breaking News from Goods and Services Tax

State GST department detects tax evasion in excess of ₹ 100 crore

The State Goods and Services Tax (GST) department has detected tax evasion in excess of ₹100 crore at a Thrissur-based firm.

The Hindu

12 furnaces inspected, 60 vehicles detained under ongoing spree against tax evaders: Punjab excise and taxation minister Harpal Singh Cheema

CHANDIGARH: In continuance with the on-going special drive to detect the Goods and Services Tax (GST) evasion in iron and steel industry, the mobile wings of Tax department on Monday inspected 12 furnaces and detained 60 vehicles during a surprise operation at Mandi Gobindgarh.

The Times of India

Telangana’s revenue receipts during first quarter remain stable at ₹35,024 crore; fund crunch to hit all schemes

The State’s revenue receipts at the end of the April-June quarter reached ₹35,024.72 crore, 16.17% of the ₹2.16 lakh crore projected for the current financial year in the budget estimates.

The Hindu

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Kerala, Karnataka tax officials bust GST registration cartel

Kerala and Karnataka tax officials have busted a nationwide cartel involved in fake Goods and Services Tax (GST) registrations.

The Hindu

Delhi: Congress to hold 'Mehangai Par Halla Bol' rally against inflation, GST at Ramlila Maidan

Congress will hold a mega rally against price rise, unemployment and Goods and Services Tax hike at Ramlila Maidan in the national capital ahead of the party's 'Bharat Jodo Yatra'. Read more on Dynamite News

Dynamite News

Defining ‘freebies’ in the time of the Goods and Services Tax

States retain limited options to appeal to voters by reducing taxes and have little incentive to adopt pro-growth economic policies that can boost tax revenues.

The Hindu

Raghav Chadha gives suspension of business notice in Rajya Sabha

NEW DELHI: Aam Aadmi Party MP Raghav Chadha has given a suspension of business notice in Rajya Sabha to discuss the imposition of 12 per cent Goods and Services Tax (GST) on 'Sarais' around Shri Harmandir Sahib (Golden Temple) Amritsar and demanded a discussion on it.

The Times of India

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Arnab questions the Modi government on GST rate hike. No, we are not joking

Sometimes, an occurrence makes for news for no other reason than how rare it is. Think man bites dog. The other night, the world of TV news bore witness to just such an occurrence: Arnab Goswami of Republic TV questioned the government for hiking the Goods and Services Tax rates.…

Newslaundry

Monsoon Session: Congress leader Rahul Gandhi joins opposition protest against GST hike

Congress leader Rahul Gandhi on Tuesday joined the Opposition protest against against the recent hike in Goods and Services Tax (GST) rates on Tuesday in Parliament. Full story on Dynamite News:

Dynamite News

GST is not applicable on perks to employees, clarifies CBIC

NEW DELHI: A wide range of benefits such as free beverages, canteen facilities, free parking space, journal subscriptions or even group medical insurance provided by business entities to its employees in terms of a contractual agreement between the two, will not be subject to Goods and Services Tax (GST).

The Times of India

Mumbai: When companies use ‘GST specialists’ to generate flow of unaccounted cash

MUMBAI: Several companies, including builders, are turning to dubious consultants to generate unaccounted cash by creating fake bills that provide input tax credit against payment of Goods and Services Tax (GST). These entities have now come under the scanner of the Central GST (CGST) department and income tax authorities for…

The Times of India

Tax evasion: 350.71 kg of gold seized in 2021-22

THIRUVANANTHAPURAM

The Hindu

Hyderabad: 5 GST officials booked for detaining businessman’s wife

HYDERABAD: Following a complaint by a businessman’s wife, the Punjagutta police have registered a criminal case against five Goods and Services Tax (GST) officials on charges of manhandling, harassing and wrongfully detaining a woman.

The Times of India

Finance Ministers faces queries from students on GST, Income Tax relief to defence personnel

Finance Minister Nirmala Sitharaman on Sunday faced queries on Goods and Services Tax (GST) and Income Tax relief to Army personnel.

The Hindu

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The Hindu

Bommai seeks special funds for development of Kalyana Karnataka

Chief Minister requests for extension of compensation period for Goods and Services Tax till 2024–25, waiver of conditions imposed on Escoms to raise loans

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