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GST Council gives two options to bridge compensation shortfall — states ask for seven working days to make up their mind
The Finance Ministry estimates the shortfall in cess collection this year will be around ₹2,35…
Petrol and diesel prices may not ease anytime soon as Nirmala Sitharaman rules out a cut in excise duty
Petrol and diesel as well as cooking gas and kerosene were sold at subsidised rates during the …
PTI
GST Council meet on Thursday to figure out how states will be compensated for delays in payment
"The Council will meet tomorrow with a single-point agenda to discuss the compensation cess. A…
40th GST Council meeting highlights – zero late fee for those who have nil tax liability, says FM Nirmala Sitharaman
Further, Sitharaman said that taxpayers who file their pending returns till July 6, 2020…
Government needs to work on re-establishing trust with states, says former finance minister P Chidambaram
"I welcomed the change of heart," he tweeted and asked the Centre to clarify how the debt of states…
PTI
GST collection in June at Rs 90,917 cr, Q1 mop up dips 59 pc due to COVID-19 lockdown
"The revenues during the financial year has been impacted due to COVID-19, firstly due to the econ…
PTI
India crosses the trillion mark in tax collection in April, the first time since GST was implemented
With the improved economic climate, introduction of e-way bill and improved GST compliance, GST col…
Recession in India will end latest by March, says a top economist
The Reserve Bank of India declared that India had gone into recession after the economy contracted …
GST compensation: States say Centre staring at sovereign default; GST Council sees 1st ever voting
New Delhi, Dec 18 () In a development with far-reaching implications, non-BJP ruled states on Wedne…
PTI
Finance Minister Nirmala Sitharaman’s tribute to the late Arun Jaitley is also coming ahead of a tough GST Council meeting where states will ask for money
SBI, ICICI Bank, Axis, Kotak and others have plans to raise $14 billion — but if things go haywire,…
Budget 2020: Auto industry expectations range from GST cuts to another EV boost
On the top of the many requests of the sector is a GST cut. The transition to BSVI vehicle…
Govt to look into legality of market borrowing by GST Council to compensate states' revenue loss
The minutes of the 7th GST Council meeting state that the chairperson of the GST Council (the Union…
PTI
No possibility of any change in GST slabs, rates until revenue stabilises: Sushil Modi
New Delhi, Dec 21 () States are not in favour of increasing GST rates at a time when there is a con…
PTI
GST revenue grows 6 pc to cross Rs 1 lk cr in Nov
New Delhi, Dec 1 () GST collections crossed the Rs 1 lakh crore mark after a gap of three months in…
PTI
GST intelligence detects Rs 225cr tax evasion, busts illicit pan masala manufacturers in Indore
During the search operation which was also conducted in Jabalpur and Bhopal in addition to Indore a…
PTI
GST compensation fund likely to fall short by Rs 25,000 cr in current fiscal: Icra
Based on the trends in the cess collected and the amount of GST compensation released to the state…
PTI
Tax Dept raises GST revenue target to Rs 1.15 lakh cr for Jan-Feb
New Delhi, Jan 17 () The tax department on Friday raised GST collection target to Rs 1.15 lakh cror…
PTI
Govt cuts expenditure limit for March quarter on revenue concerns
The actual CGST collection during April-November stood at Rs 3,28,365 crore, while the Budget Estim…
PTI
GST on services, not goods, will determine inflation
"Services, which is more than half of gross value added, will decide which way inflation will move,…
Ayodhya's Ram Temple collects nearly ₹2,100 crore funds for its construction, says associated Trust
As the 44-day funding-raising campaign for the Ayodhya's Ram Temple construction came to an end on …