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The Latest Breaking News from GST

Average monthly GST mop-up at ₹1.66 lakh crore so far this fiscal: Finance Minister Nirmala Sitharaman

GST collection has been increasing since 2017, with average monthly mop-up in FY 2023-24 at ₹1.66 lakh crore, 11% higher than previous year. Govt. has brought reforms to improve compliance and increase collection, such as e-way bill, ITC matching, e-invoice, etc. 14,897 appeals pending as of Oct. 2023, higher than…

The Hindu

Kerala cries foul over Centre’s decision to deduct ₹332 crore from IGST settlement

Kerala government cries foul over ₹332 cr. IGST deduction. Finance Minister Balagopal urges Union FM Sitharaman to reverse decision, citing lack of clarity & adversely affecting fiscal situation. Calls for deliberations in GST Council & plugging leakage in GST system.

The Hindu

Chalmers open to talks with states on GST

Ahead of a treasurers' meeting, Jim Chalmers says he will work with the states to ensure they get a fair share of goods and services tax revenue.

AAP

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UP assembly passes bill for imposition of higher tax on online games, casinos and lottery

LUCKNOW: The UP assembly on Wednesday formally passed the bill to impose 28% GST on the online gaming, casinos, lottery and horse racing events in the state.

The Times of India

Unpacking the Dubai climate meeting

At the top of the COP28 agenda is the first Global Stocktake, a key part of the Paris Agreement machinery

The Hindu

KVVES demands separate department for retail sector

KVVES demands separate dept. for retail trade to protect existing jobs, create new ones; requests govt. to raise GST registration & FSSAI licence limits to ₹2 cr., extend consideration to small-scale traders, unify fines, relax tax, ensure compensation for evicted traders, solve traffic issues.

The Hindu

Centre committed to improving efficiency in tax administration, says Nirmala Sitharaman

Centre committed to improving efficiency in tax administration, says Nirmala Sitharaman. Union Minister for Finance Nirmala Sitharaman virtually participates in the stone-laying ceremony for GST Bhavan in Tirupati.

The Hindu

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I-T department seizes cash ahead of Assembly elections in five States

I-T dept seizes more unexplained cash in run-up to Assembly elections in five States. CBDT chairman Nitin Gupta said pre-election monitoring of cash and surveillance is intense.

The Hindu

MPs from Kerala to meet Union Ministers, seek higher borrowing limit

A meeting of the Members of the Parliament from the State, called by Chief Minister Pinarayi Vijayan on Wednesday, prior to the upcoming Parliament session, unanimously decided to visit the Union Ministers concerned to demand that Kerala’s borrowing limit be enhanced as per the recommendation of the 15th Finance Commission.

The Hindu

CBI arrests three in alleged fake govt. job racket case

CBI arrests 3 for running illegal job racket in multiple States. Accused duped jobseekers of crores of rupees, ran fake training centres, issued fake appointment letters, call letters. Searches conducted at 9 places, 25 jobseekers found at fake training centres. Victims given fake appointments in agencies like FCI, Railways, GST.…

The Hindu

Satheesan accuses GST department of arm-twisting business houses to sponsor Keraleeyam

Oppn. Leader Satheesan accuses govt. of subverting GST dept. to extort money from tax dodgers for Keraleeyam gala. Alleges maladministration & corruption, tax admin. at standstill. Biggest tax dodgers identified as bar hotels, quarries & jewellery chains. GST officials accused of extorting money for political purposes, Kerala a haven for…

The Hindu

Kerala to fight Centre’s trespasses on fiscal federalism with like-minded States: Chief Minister Pinarayi Vijayan

He attributed Kerala’s financial woes to the Centre’s denial of GST compensation, setting an unreasonable ceiling on the State’s borrowing limit, tweaking the principle of revenue neutrality in GST to disadvantage provincial governments, and whittling down the stake of States in the revenue divisive pool.

The Hindu

Slashing of scholarship amount to construction workers’ children has unions up in arms

Karnataka Bldg & Other Const Workers Welfare Board cuts scholarships for children of workers by 75%. Unions oppose decision, govt insists it's in line with other depts. 13 lakh applications, 7 lakh identified as eligible. Unions strike from Nov 28, cite distress due to demonetisaton, GST & COVID-19. Govt finds…

The Hindu

Revenue rebound: On GST collections

The entire bump up in October’s GST revenues, stemming from transactions undertaken in September, may not be ascribed to a consumption spike at the onset of the festive season

The Hindu

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AAP

Government faces global and local calls for tax reform

Australia should consider revenue raising options that are less vulnerable to an ageing population than income tax, the OECD says.

The Hindu

Police raid GST inspector’s quarters, this time armed with a magistrate’s warrant

Police raid GST inspector's house in Malappuram in attempt to "legalise" earlier actions. Police took away car from inspector's quarters on Oct 12, no seizure memo given. Car found at Kondotty Police Station, inspector asked to take it back in two days. Standoff between police and GST Commissionerate over investigation…

The Hindu

‘Unauthorised’ police raid on inspector’s quarters angers GST authorities

Police raid on GST inspector's quarters, detention without legal procedures sparks standoff between police and Central GST authorities. Police hospitalise inspector after he swoons in custody, allege torture during illegal detention. Police trying to make foolproof case to pin those involved in gold smuggling racket.

The Hindu

Spring cleaning: On GST regime reform

The Goods and Services Tax regime needs a holistic reform plan

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The Hindu

Revenue riddles: On GST inflows and areas of concern

Beyond the macro resilience that the GST numbers indicate, a few areas of concern deserve closer scrutiny from policymakers and the GST Council

The Hindu

Show cause notices to e-gaming cos as per legal provisions, GST demand based on data analysis: CBIC chief

CBIC issues show cause notices to e-gaming companies for alleged GST evasion. 28% GST to be levied on online gaming, casinos and horse racing from October 1. GST Council had approved amendments in law to include online gaming, casinos and horse racing as taxable actionable claims.

The Guardian - AU

Fast rail axed in $2.5bn budget cuts – as it happened

Go-it-alone approach to building network between Sydney, Newcastle and Wollongong shelved entirely

The Hindu

Kalaignar Magalir Urimai Thogai is a massive, one-of-its-kind, data driven scheme: T.N. Finance Minister Thangam Thennarasu

Tamil Nadu Finance Minister Thangam Thennarasu in an interview with The Hindu spoke about issues related to GST, and managing revenue deficit and borrowings.

The Hindu

Chandrababu Naidu arrest | He will be produced in Vijayawada CID Court today itself, says top police official

AP CID arrests former CM Nara Chandrababu Naidu in fraud case involving Rs. 371 Crore. Arrest made due to his exclusive knowledge of transactions, potential to influence investigation, and evidence of tampering. Investigation focussing on locating misappropriated funds and custodial interrogation of Naidu. Charges carry penalty of >10 yrs imprisonment.…

The Hindu

Opportune moment: On the uptick in GST revenues

The overall trajectory of GST revenues offers a window to simplify and rationalise the complex multiple rate GST structure

The Hindu

Speaking for India podcast | BJP is using religion as a weapon to hide its shortcomings: T.N. CM Stalin

TN CM Stalin launches 'Speaking for India' podcast series, criticizes BJP govt for failing to fulfill poll promises, using religion as weapon to hide shortcomings. He calls for I.N.D.I.A. alliance to save India from BJP's communal politics & hate-inciting policies, restore social justice & State autonomy.

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