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5 mins read

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   


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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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2 mins read

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…

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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…

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2 mins read

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…

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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…

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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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1 min read

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…

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2 mins read

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   


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1 min read

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…

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3 mins read

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, …

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1 min read

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…

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4 mins read

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   


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1 min read

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   


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3 mins read

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 …