Gst

"Taxation forms the core of governance. The last ten years of the BJP/NDA government is a case of 'taxation gone berserk'," said Congress in its manifesto for the upcoming Lok Sabha Elections 2024.

Karnataka retains its second-highest position in Goods and Services Tax (GST) collection for March 2024, trailing behind Maharashtra. Despite ranking second, Karnataka has shown impressive growth, with a 26% increase compared to the previous year. Nationwide, March 2024 marks the second-highest GST collection on record, indicating an 11.5% increase from the previous year. 

Shops in Bengaluru's prime areas like Chickpet are illicitly collecting 5-18% extra from customers without issuing proper GST invoices, defrauding both consumers and the government. Despite raids and warnings by Commissioner C. Shikha, this practice persists. Consumers can verify GST bills via the GST portal and report discrepancies to the Karnataka Commercial Taxes Department. Strict actions will be taken against offenders.

The Indian iGaming industry is undergoing a sea of change post the implementation of 28% GST in 2023.

The Kerala government may allow the sale of mild liquor with reduced tax soon. Based on this, the GST Commissioner has recommended to implement a double-decker tax on mild liquor.

Bengaluru City District Administration implements fixed rates for private water tankers to address the water crisis. Rates are determined by volume and distance travelled, with the inclusion of GST for transparency. District Collector KA Dayanand's move aims to curb exploitation and provide fair pricing for residents.

Citing unfair competition practices, the senators claim that US manufacturers struggle to compete with low-cost Chinese competitors relying on forced labor and state subsidies in key sectors.

Saxena hinted at the potential involvement of officials from the local GST Department in these fraudulent activities. The LG urged CM Kejriwal to initiate a thorough investigation into the matter.

During the Karnataka Legislative Assembly's Budget presentation, CM Siddaramaiah criticized the central government over GST, citing a loss of Rs 59,274 crore for Karnataka due to unmet revenue projections. The opposition, led by R Ashok, accused him of politicizing the Budget. BJP boycotted, alleging bias towards big businesses.

Karnataka Congress leaders, spearheaded by Chief Minister Siddaramaiah, are orchestrating the 'Chalo Delhi' protest at Jantar Mantar in the national capital. The demonstration aims to address longstanding grievances against the Central leadership, encompassing issues like reduced tax devolution and an imbalanced distribution of resources.

The CM criticizes the Centre for discontinuing compensation to states post-GST implementation. Karnataka, a significant tax contributor, receives only Rs 12-13 out of every Rs 100 in taxes, contributing Rs 4,30,000 crore annually.

The Department of Transport addresses commuter grievances by introducing fixed taxi fares based on vehicle value. For vehicles under 10 lakhs, the rate is Rs 24/km for 4 km. Vehicles between 10-15 lakhs pay Rs 115/km initially and Rs 28/km thereafter. High-end vehicles above 15 lakhs pay Rs 130/km and Rs 32/km beyond. Baggage charges apply after 120 kg, with a fee of Rs 7/30g. 

Rajat Verma, Founder & CEO of Lohum Cleantech, anticipates the Budget 2024 to play a crucial role in accelerating India's clean energy transition. Highlighting the impact of the previous year's budget, which allocated Rs 35,000 crore for energy transition, Verma offers key recommendations

The K.R. Pura police, aided by vigilant gold shop employees, thwarted a robbery attempt by four inter-state criminals posing as GST officials at Mahalakshmi Jewelry shop. They arrested the culprits, seized ₹80 lakh worth of gold, and recovered the getaway car. One accomplice is still at large.

In anticipation of Budget 2024, GreenCell Mobility's CEO, Devndra Chawla, has proposed key measures to boost India's electric vehicle (EV) market