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The Latest Breaking News from GST

Kalaignar Magalir Urimai Thogai is a massive, one-of-its-kind, data driven scheme: T.N. Finance Minister Thangam Thennarasu

Tamil Nadu Finance Minister Thangam Thennarasu in an interview with The Hindu spoke about issues related to GST, and managing revenue deficit and borrowings.

The Hindu

Chandrababu Naidu arrest | He will be produced in Vijayawada CID Court today itself, says top police official

AP CID arrests former CM Nara Chandrababu Naidu in fraud case involving Rs. 371 Crore. Arrest made due to his exclusive knowledge of transactions, potential to influence investigation, and evidence of tampering. Investigation focussing on locating misappropriated funds and custodial interrogation of Naidu. Charges carry penalty of >10 yrs imprisonment.…

The Hindu

Opportune moment: On the uptick in GST revenues

The overall trajectory of GST revenues offers a window to simplify and rationalise the complex multiple rate GST structure

The Hindu

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Speaking for India podcast | BJP is using religion as a weapon to hide its shortcomings: T.N. CM Stalin

TN CM Stalin launches 'Speaking for India' podcast series, criticizes BJP govt for failing to fulfill poll promises, using religion as weapon to hide shortcomings. He calls for I.N.D.I.A. alliance to save India from BJP's communal politics & hate-inciting policies, restore social justice & State autonomy.

The Hindu

Finance dept. to verify CM’s daughter’s IGST remittances based on Cong. complaint

Finance dept. verifying accusations of IGST evasion by CM's daughter; Congress, BJP using it to campaign for Puthuppally bypoll; CPI(M) defending it as honest biz transaction; Isaac accused Congress of hiding behind smokescreen; Kuzhalnadan invited Isaac to inspect his finances; Satheesan using it to disparage CPI(M); Chandrasekhar accused crony capitalism…

The Hindu

Intergenerational report to warn of slow growth and pressures on revenue

New extracts released ahead of the government’s Intergenerational Report show it warns Australia’s economy will grow more slowly in the coming 40 years than in previous decades.

The Conversation

Raw Politics: The only numbers that matter now to Hipkins

This week on the Raw Politics podcast: What's wrong with Labour governing by focus group, if its GST and parental leave policies help it win back support? And National is about to release its party list for the election with little room to diversify its team.

Newsroom.co.nz

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Labour makes a big show of GST change while picking your pocket

Every single tax expert seems up in arms about the exemption of GST on fresh fruit and vegetables. But most haven't noticed Labour failed to say anything about the long-overdue inflation adjustment to tax thresholds, writes Dr Eric Crampton

Newsroom.co.nz

Booklet on ‘100 Lies of BJP’ released by BRS working president K.T. Rama Rao

BRS releases booklet, CD titled '100 Lies of BJP' to expose BJP govt's 'lies and failures'. Booklet covers failed promises of BJP, including jobs, inflation, GST, Internet, Housing, AP Reorganisation Act promises. BRS social media ran '#100AbadhaalaBJP' campaign for 4 months.

The Hindu

Taking GST off food would be a big mistake

Once you grant an exemption for one worthy-sounding thing, it is hard to resist the call for more. It would be much better to achieve progressivity by adjusting income tax rates

Newsroom.co.nz

Two arrested on charge of generating fake invoices for areca nut trading

In a joint operation, GST intelligence units from Kerala and Karnataka have arrested two key operators of a fake invoicing cartel that generated fake invoices for areca nut trading

The Hindu

Rice millers want Tangedco to reduce fixed charges

Federation urges TN govt. to reduce fixed charges on rice mills to reduce rice prices; GST on pre-packed, pre-labeled rice up to 25kg should be waived off.

The Hindu

UDF plans protests against price rise

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

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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 Hindu

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…

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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

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

AAP

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.

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