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Sunday, April 28, 2024
TopicGST Council

Topic: GST Council

28% GST on gambling: Only on buy-in, not winnings, says Sitharaman amid concerns of double taxation

GST Council took its second-ever decision not based on consensus, on this matter, with Delhi, Goa, Sikkim and Tamil Nadu dissenting.

Govt to levy 28% GST on online gaming, casinos, horse racing. ‘No one wants to kill an industry, but…’

Finance Minister Sitharaman announces decision taken at GST Council meet, adds cancer drugs, medicines for rare diseases and food products for special medical purposes exempt from GST.

Modi govt clears GST dues worth Rs 16,982 crore, says paperwork delayed on part of 15 states

Union finance minister Sitharaman says govt cleared 90% GST compensation owed to states & only ‘5-8%’ is held back subject to authentication certificates issued by auditor general.

GST Council agrees to decriminalise certain offences, doubles limit for launching prosecution

Council members agreed to raise the threshold of launching prosecution to Rs 2 crore from the present Rs 1 crore & GST on husk of pulses was reduced to 0 from 5 per cent.

GST’s ‘give-and-take’ attitude has dried up. India needs a system overhaul

In 'The Working of the Indian Constitution', T.M. Thomas Isaac examines the functioning of GST to assess if its high expectations have been realised.

GST hike would be ‘catastrophic’, says online gaming industry, as council defers proposal

All India Gaming Federation, E-Gaming Federation, and Federation of Indian Fantasy Sports, which represent over 90% of online skill gaming market in India, issued joint statement Wednesday.

Battling inflation & high fuel prices, 7 in 10 Indians against hike in GST rates, survey finds

New Delhi: Over seven in 10 citizens are against a hike in the Good and Services Tax (GST) from 5 to 7-8 per cent...

Modi government’s most significant tax reform is receiving backlash from states

Several state finance ministers are ready to raise the issue of compensation to states as per GST law and to further extend it's duration, for it is a critical source of revenue.

GST has muddied the entire lake of India’s federalism. SC ruling only put a stamp on it

Fixing India’s ailing GST does not merely entail technical measures to boost tax buoyancy but also re-establishing trust between the Union and states.

GST Council recommendations not binding, says SC, would ‘disrupt fiscal federalism’ if so treated

A bench of justices D.Y. Chandrachud, Surya Kant & Vikram Nath upheld 2020 Gujarat HC judgment in favour of importers challenging levying of GST on grounds that they had paid customs duty.

On Camera

America’s out-of-control militarised police forces are a threat to democracy

The world watched aghast as police armed with tasers, tear-gas masks—and in one case backed up by snipers—arrested hundreds of pro-Palestinian protesters at universities across the United States.

Asia’s growth outlook remains positive despite external uncertainties, says ADB

The Asian Development Outlook 2024 report suggests that policymakers in the region should monitor a number of risks. These include escalating conflicts and geopolitical tensions.

Germany removes restrictions, India can now buy small arms from its firms

Germany’s erstwhile Christian Democratic Union govt, led by Angela Merkel, prevented sale of small arms to police forces in states they perceived had ‘bad human rights record’.

Frontrunner is letting the challenger define this poll campaign. Modi still hasn’t found a big theme

A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.