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Sitharaman underlines Centre's support to states via timely tax devolution, GST compensation arrears

In her remarks, the Union finance minister underlined the government's support to states through ti…

PTI   


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GST revenue collection for April 2024 highest ever at Rs 2.1 lakh crore

The Gross Goods and Services Tax (GST) collections surged to a record high of Rs 2.10 lakh crore in…

ANI   


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Centre releases ₹17,000 cr as GST compensation to States/UTs

Goods and Services Tax was introduced in the country with effect from July 1, 2017 and states were …

ANI   


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GST council and states fail to reach consensus on compensation cess — 'No dispute, we may have differences,' says Sitharaman

“There is no dispute, we may have differences,” said Sitharaman. According to her, most of the s…

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Auto stocks recover after Gadkari clarifies his '10% additional GST on diesel vehicles' comment

The auto index, Nifty Auto, recovered from its 400 point or approximately 2.5% fall after ​​Union M…

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13 states decide on GST compensation — only Manipur opts for borrowing entire shortfall in one go

Out of the 13, 12 states have opted for the first option, under which the Union government has o…

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Government allows 20 states to meet GST compensation shortfall through open market borrowing

Even with consensus eluding the GST Council meeting on Monday over adoption of borrowing option to …

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GST Council likely to approve two-year extension of compensation cess levy

As the Council is likely to adopt the compensation formula suggested by t he Centre in the dif…

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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…

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GST compensation deadlock continues — government to release ₹20,000 crore cess tonight and offers relief for small companies

The 42nd meeting of the GST Council led by Finance Minister Nirmala Sitharaman stretched over seven…

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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   


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1 min read

GST Council to review revenue position, compensation cess on Dec 18

New Delhi, Dec 4 () The GST Council meeting scheduled to be held on December 18 is likely to delibe…

PTI   


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3 mins read

Payment to states delayed due to low realisation of GST compensation cess: FM

"There cannot be any tweaking here. Formula is given by the finance commission and the formula is …

PTI   


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States not choosing GST compensation options by October will have wait another two years

The sources said that such states will have to wait till June 2022 to get compensation dues, sub…

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3 mins read

Government's new GST compensation formula may raise unconditional borrowing limit by 0.5%

Government sources said that the unconditional borrowing limit for states could be raised by ano…

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4 mins read

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…

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1 min read

GST collections slide month-on-month to ₹1.49 lakh crore in February

Goods and Services Tax (GST) collections in February, 2023 stood at Rs 1,49,577 crore, lower than R…

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5 mins read

GST had its hits and misses but made ₹1.3 lakh crore monthly tax, the new normal

Under GST, a four-rate structure that exempts or imposes a low rate of tax of 5 per cent on essenti…

PTI   


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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,…

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2 mins read

GST Council meet yet again — to discuss compensation issue for the third time today

The single agenda 43rd meeting of the Council will discuss on the way forward, sources said. …

PTI