HISTORICAL FACTS: 8 - The Untold Story

Explained: For 11 months straight, GST collections cross Rs 1 lakh crore

NEW DELHI: India's Goods and Service Tax, or GST collection in May 2022 increased 44% on year to hit Rs 1.4 lakh crore but dropped 16% month-on-month. In April 2022, GST collections hit an all-time high of Rs 1.68 lakh crore.

The Times of India · Jun 2, 2022

GST has not boosted states' tax collections: Report

MUMBAI: Domestic ratings agency India Ratings on Monday said the GST has not helped states achieve the key objective of boosting their tax revenue.

The Times of India · May 30, 2022

Explained: Why online gaming is set to get costly

NEW DELHI: Online poker and fantasy games is set to get costly as a group of state finance ministers set up to explore the quantum of GST and mode of taxation on casinos, racecourses, and online gaming has unanimously proposed a flat 28 per cent goods and services tax (GST)…

The Times of India · May 30, 2022

Arrest of Gurugram-based CAs in tax fraud case triggers protests

GURUGRAM: The arrest of two Gurugram-based CAs for an alleged Rs 15 crore-fraud has triggered a series of protests led by the Institution of Chartered Accountants of India (ICAI) against officials of the CGST office in the city.

The Times of India · May 20, 2022

Kerala finance minister K N Balagopal welcomes SC order on GST

THIRUVANANTHAPURAM: Finance minister K N Balagopal on Thursday welcomed the Supreme Court verdict on the GST council and said it would help to safeguard the federal rights of the state.

The Times of India · May 19, 2022

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

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

The Hindu · May 19, 2022

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 · May 12, 2022

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 · May 11, 2022

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 · May 3, 2022

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 · Apr 27, 2022