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The Latest Breaking News from GST

'Never thought a meet would not pay:' Grand Slam Track bankruptcy takes a toll on struggling runners

Grand Slam Track, a running league meant to boost athletes' finances, has declared bankruptcy, leaving many unpaid

The Independent UK

Michael Johnson’s Grand Slam Track owes Josh Kerr $218,000, court papers reveal

Athletics stars including Kerr, Gabby Thomas and Sydney McLaughlin-Levrone are among Grand Slam Track’s top 20 creditors

The Independent UK

Grand Slam Track denies Michael Johnson earned $2m from scrapped series

Michael Johnson’s GST said it was ‘categorically false’ he had pocketed $2m from the series while his athletes were unpaid – and that he was facing losses

The Guardian - UK

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Full pages for GST cheer, crores for newspapers: Tracking a fortnight of Modi-centric ads

A fortnight after the GST Council announced sweeping rate cuts on essentials and consumer durables, India’s top newspapers were awash with “thank you” notes. Full-page spreads and jackets from companies and trade associations crowded the front and back pages, while several ads carried oversized portraits of Prime Minister Narendra Modi…

Newslaundry

Dhanyavaad Modiji, for keeping independent journalism premium with 18% GST

Days after the GST cuts, India’s corporate bigwigs rushed to say thank you.

Newslaundry

If the economics of broadening or lifting Australia’s GST are challenging, the politics are horrendous

Labor is fundamentally opposed to changing the tax on consumption on the basis it hurts poorer Australians. And the worry about fairness is real

The Guardian - AU

Is there any hope for a fairer carve-up of the GST between the states?

When the Western Australian state government handed down its state budget on Thursday, it showed a balance sheet solidly in the black with a A$2.5 billion surplus. But, as it has for seven years, the state has received an outsized boost to its coffers from the federal government.

The Conversation

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Victoria state budget 2025: treasurer uses public service cuts and GST windfall to fund cash splash

Labor’s 2025-26 budget includes more money for health, education and $2.3bn in cost-of-living measures

The Guardian - AU

Kerala: Three decomposed bodies found at Customs quarters

The deceased have been identified as Manish Vijay, Additional Commissioner of GST, his mother Shakuntala, and his sister Shalini. They were natives of Jharkhand. Read further on Dynamite News:

Dynamite News

Here’s why GST still isn’t ‘good and simple’ tax

The Narendra Modi government introduced the Goods and Services Tax in 2017, hailing it as ‘good and simple tax’. But the GST system remains complex. Eight years later, even the tax rates for essential goods are not simplified. In the 55th GST council meeting, Finance Minister Nirmala Sitharaman announced new…

Newslaundry

Gujarat journalist arrested in ‘GST scam’ case now booked for ‘possession of confidential files’

Mahesh Langa, a senior assistant editor at The Hindu, who has been in judicial custody in a case of alleged GST evasion since October 8, has now been booked for possession of documents related to the Gujarat Maritime Board, Indian Express reported.

Newslaundry

Doomsday prophecy over GST 'rip-off' fails to come true

Australia's most populous state has kept a key triple-A credit rating, sparing taxpayers the pain of covering potentially higher interest repayments.

AAP

Morning Mail: credit rating fears for NSW after GST hit; Bendigo doctor’s supervision order suspended; Ukraine welcomes US aid

State’s treasurer says ‘absurd’ GST revenue split has taken more from NSW’s budget than Covid-19

The Guardian - AU

GST collections up 12.54% in February

India's GST revenue in February 2024 hits ₹1.68 lakh crore, marking 12.54% growth, with 18.4 lakh crore collected this year.

The Hindu

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The Hindu

L-G writes to CM Kejriwal for action against GST evasions

Delhi Lieutenant Governor V.K. Saxena wrote a letter to Chief Minister Arvind Kejriwal “advising” him to ask the Finance Minister to hold a detailed enquiry in alleged GST evasions

The Hindu

Tax collection on course to grow 3 times to over ₹19 lakh crore in 10 years of Modi Government

Tax collections likely to exceed ₹19 lakh crore in 10 years of Modi-led Government, providing more leeway for people-friendly tax measures.

The Guardian - UK

Indigenous people and climate justice groups say Cop28 was ‘business as usual’

Developing countries call agreement to transition away from fossil fuels ‘unfair’ and ‘inequitable’

Reason

No Fossil Fuel Phase-Out in COP28 Climate Deal

But perhaps the beginning of the end of era of fossil fuels?

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Reason

COP28: No 'Phase Out' of Fossil Fuels After All

Countries could include reducing the consumption and production of fossil fuels.

Radio France Internationale

Cop28 draft climate deal drops mention of fossil fuel 'phase-out'

The "phase-out" of fossil fuels was deleted on Monday from a long-awaited draft of the UN Cop28's flagship global stocktake and replaced with watered-down language, a day before the climate talks in Dubai were due to end.

The Guardian - UK

Cop28 failing on climate adaptation finance so far, African group warns

Continent’s chief negotiator says an agreement for fair and equitable funding is a matter of life and death

AAP

Renewed call for stadium's GST exemption

Tasmania's treasurer has doubled down on his calls for the federal government to provide a GST exemption for Hobart stadium funding.

The Hindu

Creating certainty: On the Goods and Services Tax

The government must consider resetting its ambitions and work towards making the Goods and Services Tax a truly good and simple tax, as it was promised to be

The Conversation

States agree to do more heavy lifting on disability, in exchange for extra health and GST funding

The Albanese government has promised extra funding for health and to extend its top-up of the GST, in exchange for the states undertaking more of the heavy lifting on disability to help curb the National Disability Insurance Scheme’s cost blowout.

The Conversation

What is the hospital funding agreement politicians are talking about today?

National Cabinet meets today to discuss three big issues in Commonwealth-state financial relations: GST allocation, National Disability Insurance Scheme (NDIS) funding, and a Commonwealth government proposal to kick-start negotiations on a new National Health Reform Agreement, to take effect in July 2025.

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