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The Latest Breaking News from GST

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 Conversation

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 Hindu

The fizz tax: GST on fruit-based carbonated drinks is 28% plus compensation cess

MUMBAI: India is caught in the grips of a heat-wave and what can be better than a cold drink, which you can conveniently gulp directly from a bottle or tetra pack. But hang on, the classification of this drink will determine the goods and services (GST) levy, which is a…

The Times of India

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GST compensation for 8 months released to states, Rs 78,704 crore pending: Finance ministry

NEW DELHI: The finance ministry on Wednesday said the Centre has already released eight months of GST compensation dues to the states for the fiscal ended March 2022 and Rs 78,704 crore is pending due to inadequate balance in the cess fund.

The Times of India

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.

The Conversation

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.

ABC News

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

It will have experts on legislation involving revenue and taxation

The Hindu

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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.

Dynamite News

Uttar Pradesh: GST team raids perfume trader’s house in Kannauj

KANPUR: A team of GST Intelligence conducted a raid at the residence and factory of the city’s perfume trader in Kannauj district on Wednesday.

The Times of India

Lok Sabha updates March 25, 2022

House passes Finance Bill 2022.

The Hindu

IndiGo adversely impacted by ATF price hike; govt should bring it under GST: CEO Ronojoy Dutta

NEW DELHI: The price of aviation turbine fuel has increased by 50 per cent since January and the situation has adversely impacted IndiGo, its CEO Ronojoy Dutta said on Wednesday.

The Times of India

GST authorities expand probe into alleged tax evasion by BharatPe during Ashneer Grover’s time

GST authorities are now scrutinising BharatPe books of the last four years to see if bogus invoices were issued for services as well

The Hindu

Revive tax increases, stub out tobacco product use

The Government must stop the increasing affordability of tobacco items and also rationalise their taxation under GST

The Hindu

PM has no interest raising GST post-poll

Prime Minister Scott Morrison says he has no interest in raising the 10 per cent goods and services tax, should his government win the federal election.

AAP

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The Hindu

GST revenues up by 26% in February over pre-COVID-19 level

Monthly collections cross ₹1.3 lakh crore for fifth time

The Hindu

GST dept. switches over to common back office system from Tuesday

Prevalent system advantageous for all stakeholders: Minister

The Times of India

'Gabbar Singh Tax' critique of GST knee-jerk, disservice to our institutions: Finance minister

MUMBAI: Finance minister Nirmala Sitharaman on Monday termed the Opposition's criticism of the Goods and Services Tax (GST) as 'Gabbar Singh Tax' as a knee-jerk reaction which is a disservice to the country's institutions.

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