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The Latest Breaking News from GST

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

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

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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

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

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

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

The Hindu

SA set to clash with WA over GST funds

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

AAP

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The Hindu

‘States’ outbursts against Centre unwarranted’

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

The Hindu

TSRTC paying increasingly high VAT on diesel: RTI

Moving petrol, diesel under the ambit of GST a long-standing demand

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

The Hindu

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

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

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The Conversation

Removing GST on food is back in the news, proving some bad ideas just never go away

Removing the goods and services tax (GST) from food is not a new idea. Te Pāti Māori are currently pushing for its removal from all foods. In 2011 Labour campaigned on removing GST from fruit and vegetables. In 2017 NZ First wanted GST removed from “basic food items”.

The Hindu

Panneerselvam urges Stalin to take steps to bring petroleum products under GST net

AIADMK leader wants CM to discuss the issue with Nirmala Sitharaman

The Conversation

Cheaper food comes with other costs – why cutting GST isn't the answer

As New Zealand considers the removal of the goods and services tax (GST) from food to reduce costs for low income households, advocates need to consider the impact cheap food has on the environment and whether there are better options to help struggling families.

ABC News

With WA’s budget surplus surging, its GST share is also skyrocketing as the federal election looms

WA's budget surplus is forecast to be an eye-watering $8 billion, yet it will soon receive more than $4 billion in extra GST revenue. While critics label the situation "scandalous", neither party seems willing to upset the apple cart on the eve of a federal election.

The Hindu

T.N. constitutes advisory council to develop a federal fiscal model

It will have experts on legislation involving revenue and taxation

Dynamite News

Odisha records 49 pc growth in GST collection for FY 2021-22

The Gross GST collection of Odisha during the financial year 2021-22 has been recorded at Rs 44334.67 crore against Rs 29852.76 core for the year 2020-21 with a growth of 49 per cent.

The Hindu

Lok Sabha updates March 25, 2022

House passes Finance Bill 2022.

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