GST Had Serious Birth Defects, Worsened Over Last 5 Years: P Chidambaram

The Congress on Friday demanded that the current Goods and Services Tax (GST) law should be scrapped and a new one with a single low slab be brought in its place, claiming the existing law has "serious birth defects".

The GST Day was first celebrated on July 1, 2018, to mark the first anniversary of the new tax regime

GST collections in June witnessed a 56 per cent year-on-year increase to over Rs 1.44 lakh crore on economic recovery and better anti-evasion measures, the finance ministry said on Friday.

Finance Minister Nirmala Sitharaman's flub during a media briefing on the decisions of the GST (Goods and Services Tax) council, shared by many on social media, inspired a jibe from Congress leader Pawan Khera today.

Finance Minister Nirmala Sitharaman mentioned that the GST rates on online gaming, horse racing and casinos will be finalised in the 48th GST Council Meeting which will be held in August in Madurai. She also added that the compensation can be continued at least for a few years.

The Goods and Services Tax (GST) Council meeting ended its two-day deliberations today, where a host of issues like rate rationalisation, levying 28 per cent tax on online gaming and horse racing and the vexed issue of continuing GST compensation to states, were discussed.

The Goods and Services Tax (GST) Council has asked the Group of Ministers (GoM) to re-deliberate the tax rate on horse racing, online gaming and casinos by July 15, Finance Minister Nirmala Sitharaman said while addressing the media after a two-day meeting.

Congress leader Rahul Gandhi hit out at the government over rise in taxes on pre-packed food items and hotel stay, alleging that the prime minister's "Gabbar Singh Tax" is now taking the shape of "Grahasti Sarvnaash Tax" (household destruction tax).

Finance Minister Nirmala Sitharaman begins briefing media on the outcomes of the 47th Goods and Services Tax (GST) Council meeting

A highest 28 per cent tax rate on online gaming, casinos and horse racing is slated for discussion at the second day of the GST Council meeting

The Goods and Services Tax (GST) Council has accepted the recommendations of a panel of State Finance Ministers and Fitment Committee to bring unbranded but packed (local) dairy and agricultural products within the ambit of a 5 per cent tax rate slab.

The GST Council on Tuesday approved changes in tax rates on some goods and services while allowing states to issue an e-way bill for intra-state movement of gold and precious stones, officials said. It was the first day of the two-day meeting of the GST Council which is headed by Finance Minister Nirmala Sitharaman, and is going on in Chandigarh.

The two-day 47th GST (Goods and Services Tax) Council meeting, chaired by Finance Minister Nirmala Sitaraman, which started in Chandigarh today, is underway.

The National Anti-Profiteering Authority has found L'Oreal India guilty of not passing on GST rate cut benefit worth over Rs 186.39 crore to customers