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2 mins read
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
2 mins read
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
2 mins read
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…
2 mins read
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…
2 mins read
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
2 mins read
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 …
2 mins read
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…
2 mins read
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…
2 mins read
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…
2 mins read
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
2 mins read
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…
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
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
3 mins read
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…
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…
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…
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…
5 mins read
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,…
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
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. …