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The Latest Breaking News from GST

GST impact: Price of curd, buttermilk, lassi, and paneer to go up

KMF plans to appeal against removal of exemption given earlier

The Hindu

GST had serious birth defects which worsened over last 5 years: Chidambaram

NEW DELHI: Asserting that the GST had serious "birth defects" which became only worse over the last five years, the Congress on Friday said the GST laws and the manner of their implementation have "wrecked the economy" and the party will work toward its replacement by GST 2.0.

The Times of India

Karnataka placed second in collection of GST in India

GST Day will be celebrated in Belagavi on July 1 to mark completion of five years of Goods & Services Tax

The Hindu

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GST Council meeting in August to decide on extension of compensation to States: Karnataka CM

After incurring huge revenue loss in the two years of the COVID-19 pandemic, States have sought an extension of the compensation mechanism for another five years, till 2027

The Hindu

Harish Rao concerned over diversion of huge revenue after State split, non-updation of tax payers’ addresses

Minister raises the issue during GST Council meeting in Chandigarh

The Hindu

Rate tweaks to make up for inefficiencies in value chain; states conscious of inflation impact: Finance minister

CHANDIGARH: Finance minister Nirmala Sitharaman on Wednesday said any increase in GST rates under the rate rationalisation exercise is intended to make up for the 'inefficiencies' in the value chain.

The Times of India

West Bengal govt. asks Centre to take decisions at GST council by consensus

"Post decision of the SC, it has become imperative for the GST council to take every decision by consensus and to leave aside any shade of majoritarianism, not only for the future credibility of GST council but also to uphold the rich tradition of this august body"

The Hindu

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CM hopeful on GST compensation to States

Bengaluru

The Hindu

Restoration of trust between States and Centre essential for smooth continuation of GST system: Praveen Chakravarty

States should get direct taxation powers, extension of revenue guarantee, says Praveen Chakravarty, Chairman of the Congress Data Analytics Department

The Hindu

Towards a single low tax regime

The Finance Minister should do away with all the confusing tax slabs in one fell swoop

The Hindu

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

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

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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 Hindu

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 Times of India

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 Hindu

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

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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

AAP

SA set to clash with WA over GST funds

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

The Times of India

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 Hindu

‘States’ outbursts against Centre unwarranted’

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

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