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The Latest Breaking News from GST

Government faces global and local calls for tax reform

Australia should consider revenue raising options that are less vulnerable to an ageing population than income tax, the OECD says.

AAP

Police raid GST inspector’s quarters, this time armed with a magistrate’s warrant

Police raid GST inspector's house in Malappuram in attempt to "legalise" earlier actions. Police took away car from inspector's quarters on Oct 12, no seizure memo given. Car found at Kondotty Police Station, inspector asked to take it back in two days. Standoff between police and GST Commissionerate over investigation…

The Hindu

‘Unauthorised’ police raid on inspector’s quarters angers GST authorities

Police raid on GST inspector's quarters, detention without legal procedures sparks standoff between police and Central GST authorities. Police hospitalise inspector after he swoons in custody, allege torture during illegal detention. Police trying to make foolproof case to pin those involved in gold smuggling racket.

The Hindu

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Spring cleaning: On GST regime reform

The Goods and Services Tax regime needs a holistic reform plan

The Hindu

Revenue riddles: On GST inflows and areas of concern

Beyond the macro resilience that the GST numbers indicate, a few areas of concern deserve closer scrutiny from policymakers and the GST Council

The Hindu

Show cause notices to e-gaming cos as per legal provisions, GST demand based on data analysis: CBIC chief

CBIC issues show cause notices to e-gaming companies for alleged GST evasion. 28% GST to be levied on online gaming, casinos and horse racing from October 1. GST Council had approved amendments in law to include online gaming, casinos and horse racing as taxable actionable claims.

The Hindu

Fast rail axed in $2.5bn budget cuts – as it happened

Go-it-alone approach to building network between Sydney, Newcastle and Wollongong shelved entirely

The Guardian - AU

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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

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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Newsroom.co.nz

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

The Hindu

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.

Newsroom.co.nz

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

The Hindu

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

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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 Times of India

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

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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