Probe Agency CBI Arrests GST Official In Bribery Case In Maharashtra

The Central Bureau of Investigation (CBI) has arrested a Superintendent of Central Goods and Services Tax (CGST), Anti-Evasion Unit, Vashi, Navi Mumbai in an alleged bribery case.

Thousands of farmers held a rally here on Monday under the banner of RSS-affiliated Bharatiya Kisan Sangh (BKS) to press for a rollback of GST on agricultural goods and other demands.

The Goods and Services Tax (GST) Council on Saturday decided to have a single definition across all states in the country for sports utility vehicles, attracting a higher tax rate.

The GST Council on Saturday agreed to decriminalise certain offences and doubled the threshold for launching prosecution to Rs 2 crore, Revenue Secretary Sanjay Malhotra said.

In India, the online gaming industry currently pays GST at the rate of 18 per cent on GGR amounting to over Rs 2,200 crore per year, Lakshmikumaran & Sridharan said.

The Minister of State for Finance had said the GST rates and exemption were prescribed by the government, based only on the recommendations of GST Council.

The Directorate of Enforcement is investigating GST evasion of about Rs 23,000 crore by gaming companies between April 2019 and November 2022, Minister of State for Finance Pankaj Chaudhary said on Monday. The ED has attached proceeds of crime in cases related to cyber and crypto assets frauds.

High nominal GDP growth in the first quarter supported strong growth in revenue collection, especially Goods and Services Tax (GST), despite tax cuts on fuel.

A government panel of state finance ministers has not yet submitted its report on plans to tax the online gaming sector, according to a government official. The panel is yet to decide whether to talk the profits of these firms, or the value of the entire pool of money collected from game participants.

This is the ninth straight month when collections from Goods and Services Tax (GST) has remained above Rs 1.40 lakh crore.

At the Rajwada palace, Rahul Gandhi again attacked the central government, saying, "What the Chinese army couldn't do to India has been done by demonetisation and a flawed GST".

Conrad Sangma-headed Group of Ministers (GoM) held its final meeting on the issue earlier this week and is understood to have recommended a GST levy of 28 per cent on online gaming,

From December 1, all complaints related to GST profiteering will be dealt with by India's antitrust watchdog Competition Commission of India (CCI), in place of the National Anti Profiteering Authority (NAA), a government notification said.

India's tax collection will exceed the budget estimate by nearly Rs 4 lakh crore in the current fiscal on the back of buoyant income tax, customs duty and GST (Goods and Services Tax ) mop-up, Revenue Secretary Tarun Bajaj said today.