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The Latest Breaking News from GST

UDF: Kerala in grip of cost of living crisis; Govt's market intervention strategies failed; Supplyco scraping barrel to pay vendors; Food inflation, high veg prices; Special fuel cess hit sale of diesel; Water, power tariffs, building taxes upended family budgets; GST not benefiting Kerala; Govt failed to curb black market,…

The Hindu

Tax collection of Tripura exceeds three digits after GST: Finance minister Nirmala Sitharaman

AGARTALA: Inter-state trade of Tripura has exceeded three digits in five years after GST was introduced, said Union Finance Minister Nirmala Sitharaman in Agartala on Saturday before leaving for Delhi in conclusion of her two days visit to the state and Assam.

The Times of India

3 firms involved in GST evasion, fake invoices busted in UP

LUCKNOW: The Uttar Pradesh GST team has busted three tax evading companies that generated fake invoices and committed tax evasion of Rs 57 crore on pretext of taking input tax credit.

The Times of India

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DMK MPs resolve to question BJP government in Parliament

DMK MPs to question BJP govt. over alleged boycott of TN, proposed UCC, anti-people Bills, excesses by Governors, actions against democracy, secularism & social justice. They will also raise GST dues, fuel prices, unemployment, dilution of cooperative federalism & concessions to corporates.

The Hindu

Number of taxpayers increased by 4.2 lakh under GST in Karnataka

Karnataka govt. informs Assembly that number of taxpayers increased from 5.8 lakh to 10 lakh under GST, tax collection rose from ₹44,816 cr to ₹81,848 cr. Bill passed to overcome difficulties in levy & collection of tax, create office of Legal Advisor to CM & increase construction work for SC/STs.

The Hindu

Kerala seeks nod for 1% ‘ad hoc borrowing’ in 2023-24

Kerala seeks 1% GSDP borrowing increase from Centre to offset resource loss. FM Balagopal asked for release of grants, arrears due to State. Loss of ₹8,400 cr Revenue Deficit Grant & ₹10-12K cr GST comp. FM seeks ₹265 cr Million-Plus Cities, ₹371 cr Health Grant, ₹521 cr IGNDPS, ₹750 cr…

The Hindu

An incomplete reform: on six years of the Goods and Services Tax

For taxpayers and consumers, much remains to be done till the GST can be considered a Good, Simple Tax

The Hindu

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Around 12,500 fake entities found in GST; biometric authentication, tighter return filing planned

A pilot project on biometric authentication and geo-tagging was already under way in a couple of States

The Hindu

Kerala’s GST revenues up in first quarter

Kerala has reported a steady increase in GST revenues in the first quarter of 2023-24 compared to the corresponding period in 2022-23.

The Hindu

GST an engine for driving consumption, helped households save on monthly bills: Govt

Goods and Services Tax (GST) has acted as an engine for driving domestic consumption and helped households save on monthly bills since its implementation six years ago, the government said

The Hindu

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

Harish Rao rebuts Kishan Reddy’s claims on devolution of Central funds to TS

Telangana Minister for Finance and Health T. Harish Rao asks why Centre is withholding ₹1.43 lakh crore due to Telangana

The Hindu

Housing, health and hip-pocket support in SA budget

The SA government is set to deliver the state budget with spending on housing, health and hip-pocket relief to feature as the finances tumble into the red.

AAP

Reset time: On GST revenue growth

The current revenue trajectory presents an opportunity to fix GST’s flaws

The Hindu

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Dynamite News

Mallikarjun Kharge: 'In 9 years, BJP did nothing but brought issues like inflation...public loot'

Kharge claimed that during the 9 years, the BJP has been in power, the party plundered public funds, affected all vital goods with GST, and gave the people a difficult way of life. Read further on Dynamite News:

ABC News

More money than expected for AFL team in Tasmanian budget but public sector cuts on the way

There's hundreds of millions of dollars in the state budget to kickstart Tasmania's entry into the AFL — but there's also a debt blow-out on the horizon, explains Adam Langenberg.

AAP

WA eyes GST 'fairness fighters' amid rail cost blowout

Taxpayer-funded bureaucrats dubbed "fairness fighters" will help Western Australia to protect its GST revenue deal ahead of upcoming federal reviews.

The Hindu

With Bommai and PTR out, GST Council needs to rejig GoMs

The change of guard after the Assembly election in Karnataka and the Ministerial council shuffle in Tamil Nadu has triggered the need for the GST Council to reconstitute at least three Ministerial panels

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The Hindu

Online games of skill like rummy are not taxable as ‘betting and gambling’ under GST Act: Karnataka High Court

Giving a huge relief for companies offering online games of skills, the High Court of Karnataka has ruled that online/electronic/digital game of rummy and other online/electronic/digital game of skills are not taxable as ‘betting’ and ‘gambling’ under the Central Goods and Services (GST) Act.

ABC News

WA Budget 2023: Mark McGowan's third budget delivers another massive surplus for WA

Western Australia's position as the nation's strongest economy remains unchallenged as Mark McGowan delivers his third budget as treasurer, and issues a warning over anyone eyeing off the state's GST share.

AAP

Treasurer pours cold water on call to broaden GST

Clamping down on GST-free items or raising the consumption tax entirely are unlikely to feature on the treasurer's tax reform agenda.

AAP

Fresh push for changes to 'distorted' GST system

The distribution of GST among states is an "affront to decency" and must be rectified by the federal government, Victorian Treasurer Tim Pallas says.

The Times of India

Petroleum products can be included in GST framework once states agree, says finance minister

NEW DELHI: Finance minister Nirmala Sitharaman on Wednesday said that petroleum products can be included in the Goods and Services Tax (GST) framework once an agreement in this regard is reached among states.

The Times of India

Monthly GST revenue at Rs 1.50 lakh crore to be new normal next fiscal: CBIC chief

NEW DELHI: Monthly GST collection is expected to average around Rs 1.50 lakh crore and it will be the ‘new normal' in FY24 in view of concerted efforts to check evasion and bring new businesses within the GST net, Central Board of Indirect Taxes and Customs (CBIC) chief Vivek Johri…

The Times of India

CBIC asks taxmen to verify invoice details in ITC mismatch cases during GST audit for FY18, FY19

NEW DELHI: The CBIC has asked tax officers to verify details of invoices to resolve mismatches in ITC claims which have come up during the GST audit for 2017-18 and 2018-19.

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