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The Latest Breaking News from GST

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

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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

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:

Dynamite 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.

ABC News

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.

AAP

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

The Hindu

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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.

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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.

AAP

McGowan reignites GST feud with NSW

Western Australia's premier has poured scorn on the NSW government's fiscal management in a press conference alongside Labor hopeful Chris Minns.

The Times of India

GST council to consider decriminalisation of GST law in December 17 meet

NEW DELHI: The GST Council in its next meeting is likely to discuss decriminalisation of offences under GST law, along with raising the threshold of launching prosecution to Rs 20 crore, from Rs 5 crore at present, officials said on Monday.

The Times of India

India to see 'significant economic activity' over next 10 years: Nandan Nilekani

NEW DELHI: India will witness "significant economic activity" over the next decade on the back of open network for digital commerce (ONDC), record aggregating system and government measures like GST, FAStag and e-way bills, Infosys Technologies co-founder and chairman Nandan Nilekani said on Tuesday.

The Times of India

GST Council to meet before mid-November; GoM reports on appellate tribunal, tax casinos on agenda

NEW DELHI: The GST Council is likely to meet in the first half of November to discuss the reports of the panel of ministers on setting up GST appellate tribunal and levy of tax casinos and online gaming, an official said.

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