BJP Vs Congress In Delhi, Karnataka As Centre-States Fund Row Heats Up

The BJP and the Congress went head-to-head Wednesday morning over allegations the centre is withholding funds - specifically devolution of tax revenue - to the Karnataka government.

Financial allocations to states are based on uniform guidelines that leave no room for discrimination, Finance Secretary TV Somanathan told NDTV Tuesday afternoon.

Finance Minister Nirmala Sitharaman and Congress MP Adhir Ranjan Chowdhury sparred in Parliament Monday over allegations non-BJP state governments - specifically those in South India - are "deprived of their (financial) dues".

Food delivery giant Zomato has received a Good and Services Tax (GST) notice over an unpaid tax liability of Rs 401.7 crore.

A bill to align provisions of the Central Goods and Services Tax Act with Tribunal Reforms Act to initiate the administrative process for operationalisation of the Goods and Services Tax Appellate Tribunals was introduced in Lok Sabha on Wednesday.

West Bengal Chief Minister Mamata Banerjee today said she has sought an audience with Prime Minister Narendra Modi to press the demands for the financial dues which the Centre owes to the state.

Finance Minister Nirmala Sitharaman on Tuesday said GST officers have detected 21,791 fake GST registrations and over Rs 24,000 crore of suspected tax evasion during a two-month-long special drive.

As many as 71 show cause notices have been issued to online gaming companies for alleged GST evasion of over Rs 1.12 lakh crore during financial years 2022-23 and 2023-24, the finance ministry said today.

GST officers have busted a syndicate of 48 fake firms which availed fraudulent input tax credit (ITC) of over Rs 199 crore and have arrested three people in this regard, the finance ministry said on Tuesday.

In a major Diwali gift to traders of the state, the Punjab cabinet led by Chief Minister Bhagwant Singh Mann today approved the Punjab one-time settlement (OTS) scheme for pre-GST arrears, which will benefit over 60,000 traders.

GST collections increased 13 per cent to Rs 1.72 lakh crore in October, the second highest-ever, helped by momentum in the economy, efforts of taxmen in checking evasion and festive demand.

Real estate developers and RWAs will be liable to pay 18 per cent GST on electricity bills if they charge from flat owners more than the power tariff prescribed by Discoms.

India's online gaming industry has received show-cause notices amounting to Rs. 1 lakh crore say sources. The notices come even as the industry has raised concerns on the applicable GST Rates.

GST authorities have issued show cause notices worth Rs 1 lakh crore to online gaming companies for tax evasion so far, a senior official said on Wednesday.