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Tuesday, March 19, 2024
TopicGST

Topic: GST

Different time zones, same Opposition story & free grain-high taxes tradeoff

The best cartoons of the day, chosen by the editors at ThePrint.

GST is squeezing states, but RBI’s ‘solution’ of more taxes is unfair

The RBI suggested in a December 2023 report that with GST impacting ‘vertical fiscal imbalance’, states should consider collecting additional taxes under the head ‘States’ Own Tax Revenue’.

‘No GST imposed on Ganga water, other puja items,’ clarifies CBIC after Congress flays Centre

Congress President Mallikarjun Kharge slammed the Modi government of hypocrisy and loot for imposing 18% tax on Gangajal.

Income tax officials ‘visit’ Chinese computer-maker Lenovo’s office in India for ‘search op’

It wasn’t immediately clear why these searches were conducted. Lenovo is one of several Chinese tech companies that central government has accused of evading GST & customs duties. 

Snuffing out rebellion? GST raid on BJP leader Pankaja Munde’s sugar factory sparks speculation

The raid for alleged tax evasion comes after Munde completed her Shiv Shakti Parikrama pilgrimage, seen as the Maharashtra OBC leader's attempt to consolidate her support base.

28% GST on real money gaming will kill the sector. It’s a step away from one nation one tax

The decision to increase the tax rate on online gaming demonstrates that the GST regime still exhibits stratification, deviating from the original aim of uniformity.

28% GST may wipe out India’s online gaming sector, aid illegal gambling, fears industry

It will deter consumers from using legitimate platforms & may promote betting and gambling, they add. Industry contributed more than Rs 2,200 cr GST in 2022.

Movie-munching gets cheaper: PVR lowers food prices in cue with govt’s reduced GST for cinemas

Days after GST was reduced from 18% to 5%, PVR announces weekday and weekend offers.

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.

SubscriberWrites: GST: A panacea

It would ideal that we have only one tax law for the entire country—One Nation, One Tax. It should be such that it calculates the tax due and recovers it too.

On Camera

Indian shipping sector is vulnerable to geopolitical unrest. Build local, invest in air cargo

With the ongoing conflict at the Red Sea, India needs to take a long-term view of the PLI scheme and its ambition to emerge as a hub of shipping containers.

Complaints to RBI ombudsman up 68% in FY23, banks biggest cause for customer grievances

Data shows large public sector banks received highest number of complaints in absolute terms, but fared better than several private banks when looked at on complaints-per-branch basis.

Tiger Triumph-24 — India-US tri-services exercise to boost coordination begins

The exercise will be simulated to undertake HADR operations in a ‘friendly island nation’, where troops will execute amphibious landing ops.

CAA comes not with a bang, but with a whimper. Without NRC, it will fade into academic debate

For BJP, CAA was strategic move that did not quite work out because those it would benefit could’ve been accommodated under existing laws, and new entrants would remain excluded.