Latest news with #SGST
The Hindu
7 hours ago
- Business
- The Hindu
State GST Department to pilot ‘faceless adjudication' system from Friday
The State Goods and Services Tax (SGST) department is piloting a 'faceless adjudication' in Kerala from August 1. In this system, the adjudicating authority and the taxpayer will not interact directly with each other. All procedures related to taxation will be carried out through digital platforms and electronic communication. From August 1, the faceless adjudication system will be piloted in Pathanamthitta and Idukki districts. The system's roll-out will make Kerala the first Indian State to introduce it for indirect taxes, the department said. Finance Minister K.N. Balagopal had announced plans to introduce it in connection with the 2025 State Budget. The system is designed to guarantee fair, fact-based and unbiased taxation, R. Sreelakshmi, Additional Commissioner, SGST, said on Thursday. All procedures related to taxation - right from the point where a taxpayer is issued show-cause notice and all subsequent steps including the filing of its reply, hearing, and the issuance of the final order will be conducted online. The 'faceless adjudication system' does away with the need for the taxpayer to visit the offices of the SGST Department. The taxpayer's version on show-cause notices will be heard by a 'faceless adjudicating authority' via an online meeting platform. For submitting supporting documents, taxpayers can use the GST common portal. The Union government had introduced a similar system for income tax, which is a direct tax. This is the first instance of a State government rolling it out for indirect taxes, the SGST department said.
Hans India
2 days ago
- Business
- Hans India
YSRCP alleges large scam behind land allotments in Vizag
Visakhapatnam: YSRCP Visakhapatnam district president KK Raju alleged that there is a large scale land scam behind allotment of prime lands in Visakhapatnam to the benamis of Chief Minister N Chandrababu Naidu. Speaking to the media at the party office here on Tuesday, he mentioned that Naidu has personal benefits behind allotting lands worth thousands of crores of rupees to various private companies at throwaway prices in Visakhapatnam. He demanded that these land allotments should be cancelled with immediate effect. Neglecting the development of North Andhra, KK Raju alleged that conspiracies are being hatched to snatch valuable government lands away from the region. As soon as the NDA government came to power, prime lands were being looted in North Andhra, he remarked. The YSRCP district president pointed out that Naidu is in the process of allocating lands worth thousands of crores in North Andhra region to his people and benamis. Further, Raju wondered that Naidu is showing special love for Lulu Mall and added there is a huge corruption behind the land allotment of 13.74 acres to the mall which is worth Rs 3,000 crore at a cost of just Rs 1.5 per sqft for 99 years. The YSRCP district president opined that it is very clear that Naidu has been allocating lands by expecting some kind of return. After the coalition government came to power, more than four acres of RTC land at prime locality in Vijayawada was allotted to Lulu Mall. There is definitely a quid pro quo behind these deals, he commented. Further, Raju stated that the AP government announced that Sattva Developer is said to be providing employment to 25,000 people by investing Rs 1,500 crore. 'In fact, Sattva Developers does not directly provide employment to anyone. Only the IT companies set up in the venture provide employment. The government not only allotted land to Sattva at subsidised price but also provided additional benefits in the garb of investment subsidy, electricity subsidy, and SGST exemption under AP IT and GCC Policy 4.0. The government should explain how it is providing subsidies under the policy to a real estate company that is only developing an IT park,' demanded the YSRCP city president.
New Indian Express
3 days ago
- Business
- New Indian Express
Redressal on pending ORR project unlikely by July 31
Meanwhile, NHAI sources said that the finalisation of the K Raveendran Nair, one of the landowners, alleged that the DPR, a prerequisite to initiating compensation disbursal, remains incomplete. He alleged that the government has committed a huge violation by acquiring land for a project that didn't get the necessary approvals. 'For PPP projects, it is mandatory to obtain consent from 70 per cent of the landowners and this hasn't happened in the case of the ORR project. The 3a notification issued is illegal,' he alleged. 'I have an RTI document that can prove that the project hasn't made any progress in the last two years and the government has no rights to acquire land,' he added. Last December, the Centre had asked the state to revise the DPR by adding SGST exemptions and amendments to mining laws. The state submitted the revised DPR in January 2025. The I4,767 crore-worth ORR project is aimed at decongesting city traffic and improving connectivity to the Vizhinjam International Seaport. 'We met all authorities concerned and they have assured us to sort out the issues and start disbursal of compensation by next month. The PWD secretary informed us that the project will get the approval after the NHAI visit,' said Chandramohanan Nair, chairman, Outer Ring Road Vizhinjam-Navayikulam Janakeeya Samiti.
Time of India
3 days ago
- Business
- Time of India
Lower GST on bicycles from 12% to 5%: Makers to govt
Ludhiana: Manufacturers of the city have revived their plea for the reduction of GST on bicycles from 12% to 5%. Their fresh demand comes in the wake of anticipated reforms in the national GST structure. Industry leaders argue that a GST reduction on complete bicycles would spur demand, reduce tax evasion, and strengthen the manufacturing base. Harsimranjit Singh Lucky, president of the United Cycle and Parts Manufacturers Association (UCPMA), emphasised the need for urgent relief to the sector. "We demand that GST on finished bicycles should be reduced from 12% to 5%, and that the govt should also address the delay in receipt of SGST and CGST refunds. Genuine businesses need timely input credit. A GST cut to 5% will help reduce burden on consumers and promote local manufacturing," he said. The revision, manufacturers said, would encourage green mobility, reduce costs for consumers, and simultaneously support govt revenue with lower taxation. Drawing attention to the issues being faced by the manufacturing sector, Harsimranjit Singh Lucky said, "We had a meeting with cabinet minister Sanjeev Arora in this regard. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Pune: Unsold Furniture Liquidation 2024 (Prices May Surprise You) Unsold Furniture | Search Ads Learn More Undo He assured us that he would hold a separate meeting on the issues we are facing and ensure that they are resolved at the earliest." He also said the industry had high hopes after Arora became the industry minister, and also because of the fact that he is from Ludhiana. He explained that the industry has a differentiated tax structure, where bicycle parts remain taxed at 12% but finished bicycles attract only 5% GST. Currently, while parts are taxed at 18%, complete bicycles are placed in the 12% GST slab. Manufacturers argue this imbalance creates compliance issues and restricts competitiveness. They reiterated that lower GST on bicycles would help reduce tax evasion and result in benefits to the govt as well. It would help fight against the unorganized and grey-market trade by making legitimate products more price-competitive, they said.
The Hindu
4 days ago
- Business
- The Hindu
Tamil Nadu's Own Tax revenue increases 14.5% in Q1, FY2025-2026
Tamil Nadu's Own Tax Revenue increased about 14.5% to ₹43,070.45 crore in the first quarter of 2025-2026 from ₹37,605.43 crore in the same period last year, according to the provisional figures from the Comptroller and Auditor-General (CAG). The State's own revenue (SOTR) constitutes 75.3% of Tamil Nadu's total revenue receipts. Among the SOTR components, the State Goods and Services Tax (SGST) collection increased nearly 21% to ₹15,761.04 crore in the first quarter of 2025-2026 from ₹13,019.26 crore in the same period last year. Revenue from Other Taxes and Duties increased about 23.9% to ₹3,529.86 crore in the April-June 2025 period from ₹2,848.96 crore in the comparable period last year. In the first quarter of 2025-2026, Revenue from Stamps and Registration Fees rose 19.3% to ₹5,868.88 crore from ₹4,918.51 crore in the same period last year. The State Excise Duties (which reflect liquor revenue) increased to ₹2,904.47 crore in the April-June quarter of 2025-2026 from ₹2,791.53 crore in the same period last year. Revenue collection from the component taxes on sales and trade etc. (including VAT on petrol and diesel and liquor) grew 7.8% to ₹14,954.37 crore in the first quarter of 2025-2026 from ₹13,870.62 crore in the year-ago period. Land revenue declined steeply to ₹51.83 crore in the first quarter of 2025-2026 from ₹156.55 crore in the same period last year. In the budget estimates for 2025-2026, the State government has projected SOTR to increase to ₹2,20,894.58 crore, up 14.6% from the revised estimates of ₹1,92,752.43 crore for 2024-2025. The State's share of Union Taxes stood at ₹13,296.29 crore in the first quarter of 2025-2026, up 16.6% from ₹11,400.88 crore in the same period last year. Non-tax revenue declined to ₹2,895.70 crore in the April-June quarter of 2025-2026 from ₹3,946.26 crore in the same period last year. Including SOTR, Share of Union Taxes, Non-Tax revenue and grants-in-aid contribution, Tamil Nadu's total revenue receipts in the first quarter of 2025-2026 increased 14.9% to ₹63,755.70 crore from ₹55,467.63 crore in the same period last year. The current year's number was 19.23% of the budgeted estimates. The revenue deficit, which indicates that expenditure exceeds receipts, came in at ₹15,298.98 crore in the first quarter, while the fiscal deficit, the difference between total receipts and total expenditure, stood at ₹19,377.19 crore.
