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The Latest Breaking News from GST

I-T department seizes cash ahead of Assembly elections in five States

I-T dept seizes more unexplained cash in run-up to Assembly elections in five States. CBDT chairman Nitin Gupta said pre-election monitoring of cash and surveillance is intense.

The Hindu

MPs from Kerala to meet Union Ministers, seek higher borrowing limit

A meeting of the Members of the Parliament from the State, called by Chief Minister Pinarayi Vijayan on Wednesday, prior to the upcoming Parliament session, unanimously decided to visit the Union Ministers concerned to demand that Kerala’s borrowing limit be enhanced as per the recommendation of the 15th Finance Commission.

The Hindu

CBI arrests three in alleged fake govt. job racket case

CBI arrests 3 for running illegal job racket in multiple States. Accused duped jobseekers of crores of rupees, ran fake training centres, issued fake appointment letters, call letters. Searches conducted at 9 places, 25 jobseekers found at fake training centres. Victims given fake appointments in agencies like FCI, Railways, GST.…

The Hindu

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Satheesan accuses GST department of arm-twisting business houses to sponsor Keraleeyam

Oppn. Leader Satheesan accuses govt. of subverting GST dept. to extort money from tax dodgers for Keraleeyam gala. Alleges maladministration & corruption, tax admin. at standstill. Biggest tax dodgers identified as bar hotels, quarries & jewellery chains. GST officials accused of extorting money for political purposes, Kerala a haven for…

The Hindu

Kerala to fight Centre’s trespasses on fiscal federalism with like-minded States: Chief Minister Pinarayi Vijayan

He attributed Kerala’s financial woes to the Centre’s denial of GST compensation, setting an unreasonable ceiling on the State’s borrowing limit, tweaking the principle of revenue neutrality in GST to disadvantage provincial governments, and whittling down the stake of States in the revenue divisive pool.

The Hindu

Slashing of scholarship amount to construction workers’ children has unions up in arms

Karnataka Bldg & Other Const Workers Welfare Board cuts scholarships for children of workers by 75%. Unions oppose decision, govt insists it's in line with other depts. 13 lakh applications, 7 lakh identified as eligible. Unions strike from Nov 28, cite distress due to demonetisaton, GST & COVID-19. Govt finds…

The Hindu

Revenue rebound: On GST collections

The entire bump up in October’s GST revenues, stemming from transactions undertaken in September, may not be ascribed to a consumption spike at the onset of the festive season

The Hindu

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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

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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The Hindu

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.

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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 Conversation

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.

Newsroom.co.nz

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

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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