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The Latest Breaking News from GST Council

GST on curd, buttermilk: Farmers, cooperatives fear price hike

Officials of cooperatives say that the prices of milk by-products will be increased if GST is raised on dairy machinery and milk machines

The Hindu

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

KMF plans to appeal against removal of exemption given earlier

The Hindu

TAI welcomes the decision to re-look levying GST on horse racing

PUNE: The Turf Authorities of India (TAI), which conducts horse racingin India, has welcomed the GST

The Hindu

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Karnataka stands to lose ₹20,000 cr. a year if GST compensation is stopped: Siddaramaiah

Former CM criticises GST council decision to hike taxes of household items

The Hindu

GST compensation: YSRCP failed to protect A.P.’s interests, says Yanamala

‘Government should make public the consent it had given at GST Council meeting’

The Hindu

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

Extend GST compensation period by another five years: Kerala

Balagopal presents demands to Union Finance Minister at GST Council meet

The Hindu

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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

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

Top news developments in Karnataka on June 28, 2022

Here are the key news developments to watch out for from Karnataka today

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

Agriculture Minister to take up industry's demand on reducing GST on pesticides with FM Sitharaman

Minister Narendra Singh Tomar was responding to the demand made by FICCI Crop Protection Committee Chairman that the GST should be reduced to 5% from 18%

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

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The Hindu

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

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

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 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

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

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The Hindu

GST Council an avenue for ‘political contestation’ across party lines: SC

It says the ripples in GST Council impact both federalism and democracy

The Hindu

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

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

The Hindu

Supreme Court verdicts ‘turning points’ in safeguarding States’ rights, says State Finance Minister

‘For years, the Centre has been acting against the interest of the States, their rights and federalism’

The Hindu

Supreme Court says Centre, States have equal powers to make GST-related laws

Court confirms Gujarat High Court ruling that government can’t levy IGST on ocean freight imports

Benzinga

India Not Done: Another 28% Tax On Bitcoin, Ethereum, Dogecoin Could Be Coming

After levying a 30% income tax on profits earned from cryptocurrency trading – the Indian government is now reportedly mulling imposing a 28% Goods and Service Tax (GST) on digital assets.

The Hindu

T.N. Finance Minister to write to GST Council

‘Put an end to rumours that there is a plan to increase the rates’

The Hindu

‘GST compensation cess has been extended to repay loans’

Union Finance Minister Nirmala Sitharaman on Wednesday stated that the GST Council had already extended the “compensation cess” till March 2026 for helping States repay loans borrowed to make up for shortfall in GST compensation for 2020 and 2021.

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