Medak MP Praises Finance Bill for Tax Transparency, Criticizes State Govt
5 months ago

Medak MP Praises Finance Bill for Tax Transparency, Criticizes State Govt

Deccan Chronicle  

Hyderabad: Medak MP M. Raghunandan Rao lauded the Finance Bill saying that the government had brought in transparency in the income-tax and other sections of the administration and this has resulted in an increase in the number of taxpayers. The Centre is sharing 42 per cent of funds with the state governments.” He further said the BRS government did not construct the double-bedroom houses despite the Centre giving funds under the PM Awas Yojana scheme and the Congress government was following the same path and misleading people in the name of Indiramma houses. Talking about the Goods and Services Tax, the MP said, “Despite claiming that the GST is the brainchild of Sonia Gandhi, the Congress-led government could never implement it and it was Narendra Modi who implemented it. The Telangana government is doing statical jugglery after having received `48,000 crore.” The MP was all praise for the Budget presented by finance minister Nirmala Sitharaman and said this Budget could be understood by only those who have empathy for the aspirations of the poor.

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History of this topic

GST on exam forms: Turned dreams of people into source of income, Priyanka GANDHI slams govt
2 weeks, 5 days ago

GST on exam forms: Turned dreams of people into source of income, Priyanka GANDHI slams govt

The Hindu  

Congress MP Priyanka Gandhi Vadra on Monday attacked the BJP over levying GST on examination forms, saying the government had turned the dreams of parents who saved every penny to prepare their children for exams into a source of income. The Congress General Secretary shared an examination form of the Kalyan Singh Super Speciality Cancer Institute, Sultanpur, that showed 18% …

Telangana reported huge jump in tax revenue, state tells CAG
5 months ago

Telangana reported huge jump in tax revenue, state tells CAG

Deccan Chronicle  

Hyderabad: The Telangana state government reported a significant increase in its tax revenue for the first quarter of the fiscal year 2024-25, with collections rising by over Rs 3,600 crore compared to the same period last year. The state's tax revenue reached Rs 34,609 crore in the April-June quarter, according to the income and expenditure report submitted to the Comptroller …

GST relief may hit state finances
5 months, 3 weeks ago

GST relief may hit state finances

Deccan Chronicle  

Hyderabad: The GST Council’s decision to provide relief to taxpayers in Telangana could have serious consequences for state finances. The most hard-hitting decision taken at the 53rd meeting of the Council was the relief extended to taxpayers for the financial years 2017-18 to 2019-20 waving interest and penalty on tax demands under Section 73. This step will benefit tax payers …

Telangana’s GST Revenue Sees 18% Growth in 2024
9 months, 2 weeks ago

Telangana’s GST Revenue Sees 18% Growth in 2024

Deccan Chronicle  

Hyderabad: Collections in the commercial tax department have increased in the state owing to a slew of steps taken by the department. In this milieu, among the bigger states Telangana’s GST revenue grew from Rs.4,424 crore in 2023 to Rs.5,211 crore in 2024. The 18 per cent increase is the second best among southern states after Karnataka’s 19 per cent. …

Over ₹1,000-crore GST fraud in Telangana unearthed by CT department
9 months, 4 weeks ago

Over ₹1,000-crore GST fraud in Telangana unearthed by CT department

The Hindu  

The Commercial Taxes department has unearthed an over ₹1,000-crore GST fraud in refunds and input credit tax cases after the Congress party came to power in Telangana. Preliminary desk audits by senior CT officials have exposed fraudulent refunds and input tax credits which it appears was deliberately suppressed by the previous regime. On one hand, the firms under investigation have …

BJP Government Did Not Rectify Injustice Meted out To Karnataka Alleges CM In His Budget
10 months, 3 weeks ago

BJP Government Did Not Rectify Injustice Meted out To Karnataka Alleges CM In His Budget

Deccan Chronicle  

Bengaluru: Chief Minister Siddaramaiah pointed out that Central Government led by Bharatiya Janata Party had meted out three injustices to States including Karnataka such as “unscientific” implementation of Goods and Services Tax, increase in Cesses and Surcharges and change in allocation of formula in tax devolution and grants-in-aid, adversely affected the financial strength of the State. Siddaramaiah accused the previous …

Work together to address southern states’ tax concerns
11 months ago

Work together to address southern states’ tax concerns

New Indian Express  

When Karnataka Chief Minister Siddaramaiah leads the ‘Chalo Delhi’ protest at Jantar Mantar in New Delhi today to highlight the “injustice” meted out to the southern states over their share of taxes, he hopes to transform it into a ‘South Tax Movement’. On this, Siddaramaiah has the support of the chief ministers of Kerala, Telangana and Tamil Nadu, who have …

'Whatever tax money collected, Govt ploughing it back to people': PM Modi in Andhra Pradesh
11 months, 3 weeks ago

'Whatever tax money collected, Govt ploughing it back to people': PM Modi in Andhra Pradesh

India TV News  

Prime Minister Narendra Modi on Tuesday said that whatever tax money collected by the government is being ploughed back to people in different forms. "In the past 10 years, we made several reforms to the tax system, the tax system which existed earlier was not easily understandable to the common people. Because of all these reforms, record tax collection happening …

Maharashtra to raise traders' concern after Centre brings changes in GST rules
1 year, 5 months ago

Maharashtra to raise traders' concern after Centre brings changes in GST rules

India Today  

Senior Congress leader and MLA Prithviraj Chavan objected to the Centre’s decision to bring the Goods and Service Tax Network under the purview of the Prevention of Money Laundering Act, which would permit the Enforcement Directorate to probe the matters linked to the GST. Replying to Chavan’s question, Maharashtra Finance Minister Ajit Pawar said he would raise the issue in …

GST has been a gamechanger for India’s economy
1 year, 6 months ago

GST has been a gamechanger for India’s economy

Live Mint  

Ahead of the launch of the goods and services tax on 1 July 2017, this newspaper on 6 June 2017 had published my piece titled ‘Indian GST: Unparalleled Tax Reform’ in which I had highlighted the unique features of India's GST regime such as the Dual GST structure; Integrated GST mechanism; invoice matching; single digital interface and the establishment of …

Harish Rao skips GST Council meeting, Centre clears pending GST compensation for TS
1 year, 10 months ago

Harish Rao skips GST Council meeting, Centre clears pending GST compensation for TS

Deccan Chronicle  

HYDERABAD: The GST Council on Saturday said the Centre had decided to clear the pending balance of GST compensation of Rs 16,982 crore for June 2022. The Centre will also clear the admissible final GST Compensation to those states who have provided revenue figures certified by the Accountant General which amounts to Rs 16,524 crore. In addition, the GST Council …

AP surpasses national average in GST collections, says CM
1 year, 11 months ago

AP surpasses national average in GST collections, says CM

Deccan Chronicle  

Vijayawada: Andhra Pradesh had done better than the national average in GST collections. At a review meeting he held with top officials of the revenue-earning departments at the CM Camp Office in Tadepalli, Jagan Mohan Reddy said AP’s GST collections for the last fiscal totalled Rs 26,360.28 crore by January 2022. Jagan Mohan Reddy explained that the gross GST collections …

Union Budget 2023-24: Why setting store by GST, fuel tax regressive
1 year, 11 months ago

Union Budget 2023-24: Why setting store by GST, fuel tax regressive

Firstpost  

The Goods and Services Tax collections have been surging recording Rs 1.50 lakh crore or so in December 2022. Fuel tax collections for the Centre too have been impressive at around Rs 8 lakh crore in each of the three financial years ending 2021. Add to this the Value-Added Tax imposed by state governments on fuel at the ballpark figure …

Telangana revenue collections touch Rs 1 lakh cr
2 years ago

Telangana revenue collections touch Rs 1 lakh cr

Deccan Chronicle  

Hyderabad: The Telangana state government saw a spike in revenue collections totalling Rs 1 lakh crore this month-end, owing to a real estate boom collections from excise, and GST. The government expected total tax income at Rs 1,08,212 crore in the 2022-23 budget, a 16 per cent increase over the revised estimate for 2021-22. The data obtained from the finance …

Govt believes in lowering taxes, says FM Sitharaman amid fuel price hike
2 years, 9 months ago

Govt believes in lowering taxes, says FM Sitharaman amid fuel price hike

Live Mint  

Finance Minister Nirmala Sitharaman on Friday rejected opposition allegations against the government over the rise in fuel prices and said that the ruling alliance believes "in lowering the taxes and bringing less burden on common people," as per news agency ANI report. Additionally, the Finance Minister referred to the Russia-Ukraine conflict and said when former Prime Minister Jawaharlal Nehru's claim …

Budget 2022: Is the BJP Govt’s Economic Reforms Momentum Dying?
2 years, 11 months ago

Budget 2022: Is the BJP Govt’s Economic Reforms Momentum Dying?

The Quint  

The NDA Government carried out a slew of important structural reforms in its first term. India’s highly complex and disintegrated indirect taxation system was replaced with the Goods and Services Tax, which replaced numerous Union and state taxes and cesses with a single national GST taxation system. The enactment of the Insolvency & Bankruptcy Code to defenestrate corrupt and inefficient …

GST transactions worth Rs 1 lakh crore being probed
4 years, 1 month ago

GST transactions worth Rs 1 lakh crore being probed

Hindustan Times  

The Directorate General of Analytics and Risk Management, which mines Goods and Services Tax data to expose tax evaders, has compiled a list of over 12,900 business entities, including some big companies and export firms suspected to have availed of input tax credit through fake invoices worth over Rs 1 lakh crore since July 1, 2017, when the new indirect …

Telangana opts for borrowing to meet GST revenue gap
4 years, 1 month ago

Telangana opts for borrowing to meet GST revenue gap

Live Mint  

New Delhi: Telangana government has opted for meeting its Goods and Services Tax revenue gap by signing up for a borrowing scheme facilitated by the Central government, joining 22 other states and three union territories, said a finance ministry statement. The state government told the Centre of its acceptance of the scheme that allows the Narendra Modi administration to borrow …

GST is not a tax system, it is an attack on India’s poor, says Rahul Gandhi
4 years, 4 months ago

GST is not a tax system, it is an attack on India’s poor, says Rahul Gandhi

The Hindu  

Continuing his attack on the Narendra Modi government’s economic policies, former Congress president Rahul Gandhi said that the “ GST is not a tax system, it is an attack on India’s poor”. Speaking on the GST in the third edition of the video series on economy, Mr. Gandhi said that GST was the second major attack on the unorganised economy. …

Reason for historic decline in GDP is Modi govt's GST, it's attack on poor: Rahul Gandhi
4 years, 4 months ago

Reason for historic decline in GDP is Modi govt's GST, it's attack on poor: Rahul Gandhi

India Today  

Former Congress President Rahul Gandhi on Sunday attacked the NDA government over its Goods and Services Tax system, saying it is not a tax system, but an attack on India's poor. In his third video released on Sunday, Rahul Gandhi said that GST is a failed law and an attack on the country's poor, middle class and small traders. Continuing …

Taxes need to be simplified for a self-reliant India: Nirmala Sitharaman
4 years, 6 months ago

Taxes need to be simplified for a self-reliant India: Nirmala Sitharaman

Live Mint  

Finance minister Nirmala Sitharaman on Wednesday said that taxation, especially Goods and Services Tax, needs to be further simplified to make life easier for tax payers, a critical requirement for a self-reliant nation. Sitharaman’s promise about simplifying the tax administration comes a day after Prime Minister Narendra Modi thanked tax payers along with farmers for strengthening the government’s hands in …

GST ’biggest madness of the 21st century’: Subramanian Swamy
4 years, 10 months ago

GST ’biggest madness of the 21st century’: Subramanian Swamy

Live Mint  

Describing India's latest tax reform GST as "the biggest madness of the 21st century," BJP leader and Rajya Sabha MP Subramanian Swamy on Wednesday said that the country needs to grow at 10 per cent per annum to become a superpower by 2030. Speaking on "India - an Economic Superpower by 2030", organised by the Pragna Bharati here, Swamy said …

Telangana got more funds: Nirmala Sitharaman
4 years, 10 months ago

Telangana got more funds: Nirmala Sitharaman

Deccan Chronicle  

Hyderabad: Union finance minister Nirmala Sitharaman on Sunday gave a strong retort to the charges of Chief Minister K. Chandrasekhar Rao and other TRS leaders about the Centre starving Telan-gana state of funds by reducing states’ share in Central taxes and by not releasing the GST amount. The Union finance minister Nirmala Sitharaman who was in Hyderabad as part of …

Data analytics, Artificial Intelligence helped improve GST collections: Nirmala Sitharaman
4 years, 11 months ago

Data analytics, Artificial Intelligence helped improve GST collections: Nirmala Sitharaman

India TV News  

Finance Minister Nirmala Sitharaman said here on Saturday that the government was taking several steps like using data analytics to plug loopholes in the Goods and Services Tax collection and prevent particular areas of misuse and gaming of the system. During the last three months, the GST collection crossed Rs one lakh crore every month, she said addressing a press …

Budget 2020: Nirmala Sitharaman pays homage to Arun Jaitley, says GST most historic reform
4 years, 11 months ago

Budget 2020: Nirmala Sitharaman pays homage to Arun Jaitley, says GST most historic reform

India Today  

Finance Minister Nirmala Sitharaman paid tribute to the late Arun Jaitley as she began presenting the Union Budget for 2020-2021 in Parliament on Saturday. Nirmala Sitharaman said Jaitley was the chief architect of the Goods and Services Tax, which she described as the the "most historic" of structural reforms. Nirmala Sitharaman's budget speech contained important announcements on income tax, infrastructure, …

Budget may reform GST filing process
4 years, 11 months ago

Budget may reform GST filing process

Hindustan Times  

The budget is expected to announce several direct and indirect tax reforms including further simplification of income-tax laws to encourage voluntary compliance and widening the tax base, and which involve more use of technology, people aware of the development said on condition of anonymity. The budget is expected to announce several direct and indirect tax reforms including further simplification of …

GST rate slabs likely to be restructured post-Budget; Centre, state govts to discuss new rates: Report
5 years ago

GST rate slabs likely to be restructured post-Budget; Centre, state govts to discuss new rates: Report

Firstpost  

As of now, there are four slabs under the GST regime — 5, 12, 18 and 28 percent. The GST Council, comprising state finance ministers and headed by Finance Minister Nirmala Sitharaman, is the highest decision-making body on indirect tax rates. Sources said state ministers pointed out that moderation in GST revenue collection was due to economic slowdown and not …

T Harish Rao gives his piece of mind to FM on economy
5 years ago

T Harish Rao gives his piece of mind to FM on economy

Deccan Chronicle  

Hyderabad: Telangana’s Finance Minister T. Harish Rao told the Union Finance Minister that she must address the current slowdown in the economy, and it is imperative to empower states in terms of both financial resources and autonomy as states are the drivers of economic activity. Speaking at the pre-budget meeting of finance ministers with Union Finance Minister Nirmala Sitharaman in …

Parliament panel asks govt to prevent misuse of input tax credit under GST as revenue collection slows in recent months
5 years ago

Parliament panel asks govt to prevent misuse of input tax credit under GST as revenue collection slows in recent months

Firstpost  

GST revenue collection crossed the Rs 1 lakh crore mark after a gap of three months in November, with the revenue growing by 6 percent to Rs 1.03 lakh crore in the month. New Delhi: A Parliamentary panel on finance on Tuesday observed that the Goods and Services Tax collection has slowed down in recent months and asked the government …

Amid slowdown, K Chandrasekhar Rao tells Centre to pay up
5 years, 1 month ago

Amid slowdown, K Chandrasekhar Rao tells Centre to pay up

Deccan Chronicle  

Hyderabad: Chief Minister K. Chandrasekhar Rao on Saturday wrote to Union finance minister Nirmala Sitharaman seeking the release of Rs 4,531 crore of GST arrears, as the state government is suffering a shortfall in tax devolution. Mr Rao said that according to the Union Budget, the tax devolution to Telangana state was 19,719 crore. This has resulted in a shortfall …

GST might have its flaws but it's kanoon: Finance Minister Nirmala Sitharaman
5 years, 3 months ago

GST might have its flaws but it's kanoon: Finance Minister Nirmala Sitharaman

India Today  

Finance Minister Nirmala Sitharaman on Friday said that the Goods and Services Tax, even if faulty, cannot be damned as it has been passed by Parliament and in all state assemblies. "It might have flaws, it might probably give you difficulties but I am sorry, it's the 'kanoon' of the country now," the finance minister said while interacting with businessmen, …

14% rise in revenues of 20 states after GST: Arun Jaitley
5 years, 6 months ago

14% rise in revenues of 20 states after GST: Arun Jaitley

Live Mint  

As the Goods and Services Tax marks its second anniversary on Monday, former Finance Minister Arun Jaitley said that 20 states have independently reported 14 per cent rise in their revenues post the implementation of the unified tax regime. Already after the second year, twenty states are independently showing more than a 14 per cent increase in their revenues and …

’GST Council to consider reducing tax on electric vehicles’
5 years, 6 months ago

’GST Council to consider reducing tax on electric vehicles’

Live Mint  

New Delhi: The GST Council will consider reducing tax on electric vehicles, which are seen as more environment-friendly, and the matter is pending before it, Minister of State for Finance Anurag Thakur informed the Lok Sabha on Monday. Thakur said the number of tax filers has doubled under the GST, and it shows that people's trust in the new tax …

GST Council fixing agenda items without consulting states, says Andhra Pradesh FM; demands early release of unsettled IGST
6 years ago

GST Council fixing agenda items without consulting states, says Andhra Pradesh FM; demands early release of unsettled IGST

Firstpost  

The minister, who attended the 32nd GST Council meeting in New Delhi, also demanded early release of the unsettled Integrated Goods and Service Tax amount of Rs 7,000 crore to the state governments. New Delhi: Andhra Pradesh finance minister Yanamala Ramakrishnudu Thursday expressed serious concern over the GST Council fixing the agenda items without consulting state governments. In an official …

Opinion | Moving from chaos to order: The overdue step to a simpler GST
6 years ago

Opinion | Moving from chaos to order: The overdue step to a simpler GST

Live Mint  

Most economic policy follows an entropic path. However, the preferred solution should not be a complicated GST structure with many rates, but a low standard or modal rate with a small list of exemptions. The fixed guarantee—rather than it being linked to an underlying growth in nominal output—meant that the states went into GST Council meetings with little incentive to …

Boosting tax receipts priority, says Ajay Bhushan Pandey
6 years, 1 month ago

Boosting tax receipts priority, says Ajay Bhushan Pandey

Live Mint  

New Delhi: Ajay Bhushan Pandey, who took charge as revenue secretary on Friday, said his immediate priority was to improve tax collections by using technology and easing procedures. “My priority at this moment is to help improve the tax-GDP ratio in the country by introducing technology and also making procedures, rules and regulations simpler so that people have a natural …

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