- 09 May 2025 06:12 PM
- New
GST is ‘God-Sent Tax’ that funds India's security: Himanta Sarma cites Rafale jets, S-400 amid India-Pakistan tensions
The Assam CM claimed that key defence procurements like Rafale jets and the S-400 missile systems were made possible due to GST, which helped in nation-building.
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- 08 May 2025 06:35 PM
- New
Request for Action Against Misuse of Section 74 Powers by Delhi CGST Offices
A letter dated May 4, 2025, from Rakesh Garg, an author and advocate, to the Chairman of the Central Board of Indirect Taxes & Customs, raises concerns about the alleged misuse of powers under Section 74 of the CGST Act, 2017, by Delhi CGST offices. The letter contends that the Audit Departments of the Delhi CGST Commissionerate are frequently and arbitrarily invoking Section 74, which pertains to cases involving fraud or wilful misstatement, even in situations that would fall under Section 73 for reasons other than fraud. Evidence from RTI responses is presented, indicating that 100% of show cause notices issued by Delhi CGST Audit-I and Audit-II over the past three financial years were under Section 74, with similar trends noted for the Directorate General of GST Intelligence. The author argues that this blanket application of the ‘Charge of Fraud’ is mechanical, lacks proper inquiry or justification, and contradicts judicial pronouncements on invoking extended limitation periods. This practice, it is argued, leads to severe negative consequences for taxpayers, including adverse impacts on credit ratings, banking facilities, business goodwill, contracts, and causes emotional distress, potentially infringing on the right to carry on trade or profession. The letter requests the establishment of an independent oversight mechanism and directions to GST authorities to restrict the use of Section 74 (and the new Section 74A) to genuine fraud cases based on reasoned assessments.
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- 08 May 2025 06:25 PM
- New
Mint Explainer: Online gaming’s future—and its past taxes—hinge on this Supreme Court battle
India's Supreme Court is hearing a pivotal case that could dramatically reshape how online gaming platforms are taxed.
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- 08 May 2025 06:21 PM
Why ‘record’ gross GST collections in April don’t tell the full story
Every year, when the government releases the goods and services tax (GST) collection figures for April, they are touted as a ‘record high' or the ‘highest ever’. Technically, they are—but that's not the full story.
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- 07 May 2025 05:36 PM
Mint Primer | India’s economy looks strong. What could go wrong?
The rise in GST collections indicates that revival in domestic consumption, especially rural demand, is gathering pace.
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- 07 May 2025 05:45 PM
Games24x7 lays off staff as Supreme Court hears 28% GST case
Mumbai: Games24x7 initiated layoffs over the past few days, coinciding with Supreme Court hearings on the 28% Goods and Services Tax (GST) on online gaming that began Monday.
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- 05 May 2025 06:45 PM
Indian stock market: Is it wise to start accumulating stocks despite an escalation in India-Pakistan conflict? EXPLAINED
Indian stock benchmarks Sensex and Nifty 50 ended higher on May 5, driven by positive global cues and expectations of a US-China trade deal. The Sensex closed with a gain of 295 points, or 0.37 per cent, at 80,796.84, while the Nifty 50 settled at 24,461.15, up 114 points, or 0.47 per cent.
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- 03 May 2025 06:51 PM
Athletics-US sprinter Kerley to miss Grand Slam Track meet after arrest for battery
(Reuters) -Twice Olympic 100 metres medallist Fred Kerley has been arrested for allegedly punching hurdler and ex-girlfriend Alaysha Johnson in the face, police said on Friday, and, as a result, he will not compete in the Grand Slam Track event in Miami this weekend.
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- 03 May 2025 06:49 PM
Arvind Shrivastava takes charge as revenue secretary
Shrivastava will play a key role in shaping proposals for GST Council meetings in coordination with state governments.
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- 03 May 2025 06:30 PM
Mint Quick Edit | India’s GST peak is reassuring
At ₹2.37 trillion in April, the country’s goods and services tax (GST) revenue is not just the highest ever, it’s 13% higher than the previous peak achieved last April. What does this tell us about how the economy is doing?
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