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Lok Sabha passes Finance Bill, provision on LTCG tax on property transactions amended
The Finance Bill 2024 was passed by Lok Sabha on Wednesday evening with a few amendments moved by t…
ANI
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…
Jharkhand is the only state holding out against the Indian government's suggested formula on GST compensation
With Chhattisgarh communicating its acceptance of Option-1 to meet the revenue shortfall arising ou…
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…
All 28 states and three union territories decided to go for Centre's GST compensation formula
All the 28 states and three union territories with legislature have decided to go for the Centre-su…
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…
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
Government plans new law to compensate states for loss from GST, if any
This legal ring fencing could help build consensus on GST rates when the issue is taken up next mon…
States stare at over Rs 1 lakh cr revenue gap post withdrawal of GST compensation
New Delhi, Jan 5 () States might be facing a consolidated revenue gap of up to Rs 1.23 lakh crore o…
PTI
GST Council sets threshold limit at Rs 20 lakh; GST rate to be decided in October
The final drafting of rules on granting exemptions will be held in next meeting on September 30 wil…
Exclusive: ‘Jaitley worked hard to mismanage the economy’: Jairam Ramesh
Oil prices have crashed from $120/Barrel to $20/Barrel. In spite of that you’ve not shown results, …
Pepsi and Coca-Cola are in shock after PM Modi’s comment at Startup India summit
“This will provide farmers a market for their produce," Modi had said. It seems that this idea by t…
IEA slams India's gas pricing policy, says it reduces incentives for producers to raise supply
New Delhi, Jan 12 () The International Energy Agency (IEA) has slammed India's natural gas pricing …
PTI
FinCom sets up panel on defence and internal security
The options for nominal GDP growth and resource mobilisation, as well as, the downsides and upsides…
PTI
Key proposals of Companies Amendment Bill 2020 include decriminalising offences, direct overseas listing and more
In March 2020, the Indian government introduced the Companies (Amendment) Bill, 2020, recommending …