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".

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.

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).

Several states are pressuring the ruling government to extend a program to continue compensation for losses from Goods and Services Tax (GST)or risk a stalemate in attempts to further simplify the structure

The Rajasthan Anti-Corruption Bureau on Tuesday arrested a Central Goods and Services Tax (CGST) officer in Bharatpur district with bribe money of Rs 4 lakh, according to an official statement.

As per reports, the GST Council could further cut GST on lithium-ion batteries down to 5% from the current 18%

The accused ran the fake GST input tax credit (ITC) racket by creating a network of around 500 bogus firms using forged documents, addresses and fake identities.

In a significant verdict, the Supreme Court Thursday ruled that the recommendations of Goods and Services Tax (GST) Council are not binding on the Union and the states and only have a persuasive value.

Directorate General of GST Intelligence Gurugram has arrested a person in connection with a case wherein a total Input Tax Credit (ITC) of over Rs 160 crore has been utilized and passed on by a network of nonexistent and fake firms.

The Congress on Saturday demanded that the Centre extend the GST compensation period for three years, asserting that the states' fiscal position is fragile as never before and this needs urgent remedial measures.

Indian tax authorities are exploring the implementation of a 28 percent goods and services tax (GST) on all cryptocurrency transactions, adding to a 30 percent tax on profits from crypto-asset trading that kicked in on April 1.

Senior Congress leader P Chidambaram on Thursday took a dig at the Centre over the Rs 78,704 crore it owes to the states in GST compensation, saying it would be interesting to know why the Finance Ministry "embarrassed" Prime Minister Narendra Modi b

Chhattisgarh Chief Minister Bhupesh Baghel on Wednesday said that he will discuss issues like Good and Services Tax, Naxal-affected areas and their development and other issues concerning the state during his meeting with Home Minister Amit Shah.