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The Latest Breaking News from GST

GoM fails to reach consensus on GST rate rationalisation

It will seek an extension to submit its final report, they said, adding issues of tax rates will also be raised in the upcoming Council meeting later this month.

The Hindu

GST Council to meet on June 28-29 in Srinagar

This is the second time that the GST Council meeting is being held in Srinagar

The Hindu

It’s high time we revisited GST, says Thomas Isaac

‘Lack of flexibility for States is against spirit of Constitution’

The Hindu

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GoM on GST rate rationalisation to meet on June 17

NEW DELHI: The panel of ministers on GST rate rationalisation is scheduled to meet on June 17 to discuss possible tweaking in tax rates, sources said.

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

The weight of the GST Council ruling

The Supreme Court judgment is a treatise on the democratic and federal imports of the GST legislations

The Hindu

Lease income from ‘residential’ property is exempt from GST

MUMBAI: Rent or leave and license fees received by an owner of a residential flat, even if such flat has been let out to corporate entities for use by the latter’s employees, will not be subject to goods and services tax (GST). This was recently held by the Authority for…

The Times of India

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PM’s Iconic Week launch livestreamed in Mysuru

Central GST Department broadcasts the event under ‘Azadi Ka Amrit Mahotsav’ at ATI campus; it was broadcasted in 74 other major cities

The Hindu

Over 3.2 lakh dealers in Tamil Nadu did not pay a single rupee in GST last year

There are about 11 lakh registered dealers in the State, of whom 6.72 lakh come under the State jurisdiction and the rest under the Centre

The Hindu

A critical juncture: On GST reforms

Distilling inflation’s impact on GST revenues is critical before structural reforms are put on hold

The Hindu

SA set to clash with WA over GST funds

South Australia looks set to clash with Western Australia over the allocation of GST funds.

AAP

Explained: For 11 months straight, GST collections cross Rs 1 lakh crore

NEW DELHI: India's Goods and Service Tax, or GST collection in May 2022 increased 44% on year to hit Rs 1.4 lakh crore but dropped 16% month-on-month. In April 2022, GST collections hit an all-time high of Rs 1.68 lakh crore.

The Times of India

GST has not boosted states' tax collections: Report

MUMBAI: Domestic ratings agency India Ratings on Monday said the GST has not helped states achieve the key objective of boosting their tax revenue.

The Times of India

Explained: Why online gaming is set to get costly

NEW DELHI: Online poker and fantasy games is set to get costly as a group of state finance ministers set up to explore the quantum of GST and mode of taxation on casinos, racecourses, and online gaming has unanimously proposed a flat 28 per cent goods and services tax (GST)…

The Times of India

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The Hindu

‘States’ outbursts against Centre unwarranted’

Officials say criticism of GST regime, fuel tax structure reflects ‘shameless hypocrisy’

The Hindu

TSRTC paying increasingly high VAT on diesel: RTI

Moving petrol, diesel under the ambit of GST a long-standing demand

The Hindu

A new road for India’s fiscal federalism

After the ‘Mohit Minerals’ judgment, States will now be free to exercise independent power to legislate on GST

The Times of India

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.

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The Times of India

Arrest of Gurugram-based CAs in tax fraud case triggers protests

GURUGRAM: The arrest of two Gurugram-based CAs for an alleged Rs 15 crore-fraud has triggered a series of protests led by the Institution of Chartered Accountants of India (ICAI) against officials of the CGST office in the city.

The Times of India

Kerala finance minister K N Balagopal welcomes SC order on GST

THIRUVANANTHAPURAM: Finance minister K N Balagopal on Thursday welcomed the Supreme Court verdict on the GST council and said it would help to safeguard the federal rights of the state.

The Hindu

Supreme Court verdict won’t alter GST regime: Finance Ministry

Kerala, Tamil Nadu hail Supreme Court ruling for safeguarding States’ rights

The Conversation

Removing GST on food is back in the news, proving some bad ideas just never go away

Removing the goods and services tax (GST) from food is not a new idea. Te Pāti Māori are currently pushing for its removal from all foods. In 2011 Labour campaigned on removing GST from fruit and vegetables. In 2017 NZ First wanted GST removed from “basic food items”.

The Hindu

Panneerselvam urges Stalin to take steps to bring petroleum products under GST net

AIADMK leader wants CM to discuss the issue with Nirmala Sitharaman

The Times of India

The fizz tax: GST on fruit-based carbonated drinks is 28% plus compensation cess

MUMBAI: India is caught in the grips of a heat-wave and what can be better than a cold drink, which you can conveniently gulp directly from a bottle or tetra pack. But hang on, the classification of this drink will determine the goods and services (GST) levy, which is a…

The Times of India

GST compensation for 8 months released to states, Rs 78,704 crore pending: Finance ministry

NEW DELHI: The finance ministry on Wednesday said the Centre has already released eight months of GST compensation dues to the states for the fiscal ended March 2022 and Rs 78,704 crore is pending due to inadequate balance in the cess fund.

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