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The Latest Breaking News from GST

Fresh push for changes to 'distorted' GST system

The distribution of GST among states is an "affront to decency" and must be rectified by the federal government, Victorian Treasurer Tim Pallas says.

AAP

Petroleum products can be included in GST framework once states agree, says finance minister

NEW DELHI: Finance minister Nirmala Sitharaman on Wednesday said that petroleum products can be included in the Goods and Services Tax (GST) framework once an agreement in this regard is reached among states.

The Times of India

Monthly GST revenue at Rs 1.50 lakh crore to be new normal next fiscal: CBIC chief

NEW DELHI: Monthly GST collection is expected to average around Rs 1.50 lakh crore and it will be the ‘new normal' in FY24 in view of concerted efforts to check evasion and bring new businesses within the GST net, Central Board of Indirect Taxes and Customs (CBIC) chief Vivek Johri…

The Times of India

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CBIC asks taxmen to verify invoice details in ITC mismatch cases during GST audit for FY18, FY19

NEW DELHI: The CBIC has asked tax officers to verify details of invoices to resolve mismatches in ITC claims which have come up during the GST audit for 2017-18 and 2018-19.

The Times of India

McGowan reignites GST feud with NSW

Western Australia's premier has poured scorn on the NSW government's fiscal management in a press conference alongside Labor hopeful Chris Minns.

AAP

GST council to consider decriminalisation of GST law in December 17 meet

NEW DELHI: The GST Council in its next meeting is likely to discuss decriminalisation of offences under GST law, along with raising the threshold of launching prosecution to Rs 20 crore, from Rs 5 crore at present, officials said on Monday.

The Times of India

India to see 'significant economic activity' over next 10 years: Nandan Nilekani

NEW DELHI: India will witness "significant economic activity" over the next decade on the back of open network for digital commerce (ONDC), record aggregating system and government measures like GST, FAStag and e-way bills, Infosys Technologies co-founder and chairman Nandan Nilekani said on Tuesday.

The Times of India

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GST Council to meet before mid-November; GoM reports on appellate tribunal, tax casinos on agenda

NEW DELHI: The GST Council is likely to meet in the first half of November to discuss the reports of the panel of ministers on setting up GST appellate tribunal and levy of tax casinos and online gaming, an official said.

The Times of India

Thiaga Rajan meets Union Finance Minister, discusses Madurai GST meet and Metro funding

‘Union government has released ₹3,500 crore to Tamil Nadu under the interest-free loan scheme on Friday’

The Hindu

CGST Mumbai Zone busts case of non-payment of GST, fraud ITC availment

"CGST Bhiwandi Commissionerate in Mumbai Zone busts case of non-payment of GST and fraudulent availment of ITC, amounting to Rs 78 cr," said Sumit Kumar, Commissoner, CGST. Read more on Dynamite News

Dynamite News

Kerala records growth in GST revenues

Jump by 26% over August last year: data

The Hindu

BJP has set aside Rs 800 crore to poach AAP MLAs: Delhi CM Arvind Kejriwal

NEW DELHI: Chief minister Arvind Kejriwal alleged on Thursday that BJP has kept aside Rs 800 crore to poach AAP legislators in Delhi and wondered if the money came from the GST collection or the PM Cares Fund.

The Times of India

Reining in overreach: On arrests and summons under GST law

Setting higher requisites for arrests or summons under the GST law is a welcome move

The Hindu

Lucky Bill App to be launched on Tuesday

Move is part of government’s stepped up efforts to check tax evasion

The Hindu

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The Times of India

No GST on chequebooks for customers, finance minister Nirmala Sitharaman

NEW DELHI: Finance minister Nirmala Sitharaman on Tuesday said there is no GST on chequebooks for bank customers, as she tried to clear "misinformation" over issues related to the imposition of the levy on various products and services.

The Canberra Times

Barr's got a $1b windfall, but it won't be used for expanding services

A booming Canberra population has handed the territory a larger share of GST revenue.

The Times of India

NGOs jointly launch telemedicine programme in 25 villages in Gujarat

AHMEDABAD: To bring medical care at the doorstep of the remotest tribal villages, Ahmedabad-based not-for-profit institution, Dr KR Shroff Foundation (KRSF) has collaborated with Gram Seva Trust (GST), an NGO based in Kharel village of Navsari district, to launch a telemedicine programme.

The Hindu

Withdraw GST on milk products, implement FRP for milk: DFFI

Dairy farmers held demonstrations at local milk booths, cooperatives, and district collectorates in States such as, Karnataka, Telangana, Kerala, Andhra Pradesh, Tripura, Madhya Pradesh, Uttar Pradesh, Rajasthan and Haryana

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The Hindu

State will not implement 5% GST hike: CM

‘Govt. will distribute free Onam kits, spending ₹425 crore’

The Hindu

Finance Minister clarifies on GST for pre-packaged items

‘State expressed objection in letter to GST Council, said this hike would affect common people’

The Times of India

Indian economy to grow 7-8% in next couple of decades: Panagariya

NEW DELHI: Indian economy, which has grown fairly rapidly in the last 17 years, will grow at 7-8 per cent in the next couple of decades, former Niti Aayog vice chairman Arvind Panagariya said on Wednesday.

The Times of India

Explained: No GST on 14 mass consumption items when sold loose

NEW DELHI: Following an uproar in Parliament over imposition of 5 per cent goods and services tax (GST) on pre-packaged and pre-labelled staple items, finance minister Nirmala Sitharaman on Tuesday clarified that daily need items like pulses, wheat, rye, oats, maize, rice, suji, besan, puffed rice, curd/lassi when sold loose…

The Hindu

GST compensation sunset: Punjab, Goa, Chhattisgarh may face most revenue stress

Revenue collections from the GST regime have fallen short of expectations for both the Centre and the States, says a new working paper by the National Institute of Public Finance and Policy

The Hindu

Traders seek repeal of GST on pre-packed food items

Merchants forum plans indefinite agitation

The Hindu

Reconsider GST for horse racing: TAI

Appeals to the GoM by citing the adverse impact on the sport in the country

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