Tax Shortfall
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Government Gives Rs 40,000 Crore To States As GST Compensation Shortfall
Government has released Rs 40,000 crore to states to help them meet the shortfall in goods and services tax (GST) compensation
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GST Decision Likely On E-Commerce Operators Like Swiggy, Zomato Today
45th GST Council Meet 2021: Bringing petrol and diesel under the ambit of indirect tax, GST compensation shortfall to states are some of the issues that could be discussed by the Council
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Next Meeting Of GST Council To Be Held On May 28: Finance Ministry
The GST Council last met on October 5, 2020 to finalise contours of borrowings by states to meet shortfall in tax revenues.
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13th Instalment Of Rs 6,000 Cr Released To States To Meet GST Compensation Deficit
The Union government had set up a special borrowing window in October 2020 to meet the estimated shortfall of Rs 1.10 lakh crore in revenue
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21 States Choose Centre's "Borrow" Option As Way Out Of GST Dues Row
Twenty-one states have given their borrowing option proposed by the goods and services tax council to meet shortfall in compensation from the centre amid the coronavirus pandemic, sources have said. These 21 states went with "option 1", which allows them to borrow the tax collection shortfall due to the switch to the GST, estimated at Rs 97,000 cro...
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13 States Opt For Centre's "Borrow" Plan Amid GST Compensation Row
Thirteen states have given their borrowing options proposed by the goods and services tax council to meet shortfall in compensation from the centre amid the coronavirus pandemic, sources in the Finance Ministry have said. Six more states - Goa, Assam, Arunachal Pradesh, Nagaland, Mizoram and Himachal Pradesh - will give their option in a day or two...
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Will Pay GST Arrears Despite Losses Due To "Act Of God": Centre To States
The centre in a letter to the states has promised it would clear their goods and services tax (GST) dues despite the massive shortfall in GST cess collection amid the coronavirus pandemic, a situation that has been described as "an act of God" by Finance Minister Nirmala Sitharaman. The government in the letter said it wants to stay clear of "avoid...
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Government Asks States To Borrow Rs 2.35 Lakh Crore To Meet Tax Shortfall
Finance Minister Nirmala Sitharaman said she had asked her counterparts at state level to borrow up to Rs 2.35 lakh crore from the market to help close the fiscal gap.
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Centre's Options On GST Shortfall "Unacceptable": Kerala Finance Minister
The Kerala government on Thursday termed as "unacceptable" the two options placed before the GST Council by the Centre for borrowing by states to meet the shortfall in tax revenues.
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GST Council Meet: Centre Gives States Two Options To Compensate Rs 2.35 Lakh Crore Tax Shortfall
Centre asked the states to borrow money from the market in order to meet the Rs 2.35 lakh crore compensation shortfall
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Covid "Act Of God", We May See Economy Contract: Nirmala Sitharaman
The coronavirus pandemic has hurt goods and services (GST) collection and the shortfall is Rs 2.35 lakh crore for fiscal 2021, the government said on Thursday. Finance Minister Nirmala Sitharaman, after a meeting of the decision-making body for fixing GST policies, said the coronavirus pandemic was "an act of God" and an unforeseen factor that affe...
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Punjab Suffers 88% Fall In Revenue In April: Amarinder Singh
Pegging the April revenue shortfall for Punjab at 88 per cent, Chief Minister Amarinder Singh on Wednesday said with all tax revenues dried up and only 1.5 per cent of the industry currently operational, the state was facing a difficult financial situation.
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"3 Things To Speak ...": P Chidambaram's Advice To PM Before Delhi Polls
With the Budget only three days away, former Finance Minister P Chidambaram hit out at Prime Minister Modi and his government this morning over the state of the economy, highlighting shortfall in tax revenues and a sharp increase in retail inflation
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Budget 2020: Room For Income Tax Relief Limited As Centre Faces Tax Shortfall, Says Report
Tax collections in the current fiscal may fall short of targets by as much as Rs 2 lakh crore on faltering economy, leaving a very little room for Finance Minister Nirmala Sitharaman for offering any meaningful reduction in personal income tax rates.
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Congress Raises GST Compensation Issue In Rajya Sabha
The Congress, in Rajya Sabha today, raised the issue of the Centre delaying payment of compensation to states for revenue shortfall in the Goods and Services Tax (GST) since August, saying this might lead to stoppage of development work and payments to employees.
-
Government Gives Rs 40,000 Crore To States As GST Compensation Shortfall
Government has released Rs 40,000 crore to states to help them meet the shortfall in goods and services tax (GST) compensation
-
GST Decision Likely On E-Commerce Operators Like Swiggy, Zomato Today
45th GST Council Meet 2021: Bringing petrol and diesel under the ambit of indirect tax, GST compensation shortfall to states are some of the issues that could be discussed by the Council
-
Next Meeting Of GST Council To Be Held On May 28: Finance Ministry
The GST Council last met on October 5, 2020 to finalise contours of borrowings by states to meet shortfall in tax revenues.
-
13th Instalment Of Rs 6,000 Cr Released To States To Meet GST Compensation Deficit
The Union government had set up a special borrowing window in October 2020 to meet the estimated shortfall of Rs 1.10 lakh crore in revenue
-
21 States Choose Centre's "Borrow" Option As Way Out Of GST Dues Row
Twenty-one states have given their borrowing option proposed by the goods and services tax council to meet shortfall in compensation from the centre amid the coronavirus pandemic, sources have said. These 21 states went with "option 1", which allows them to borrow the tax collection shortfall due to the switch to the GST, estimated at Rs 97,000 cro...
-
13 States Opt For Centre's "Borrow" Plan Amid GST Compensation Row
Thirteen states have given their borrowing options proposed by the goods and services tax council to meet shortfall in compensation from the centre amid the coronavirus pandemic, sources in the Finance Ministry have said. Six more states - Goa, Assam, Arunachal Pradesh, Nagaland, Mizoram and Himachal Pradesh - will give their option in a day or two...
-
Will Pay GST Arrears Despite Losses Due To "Act Of God": Centre To States
The centre in a letter to the states has promised it would clear their goods and services tax (GST) dues despite the massive shortfall in GST cess collection amid the coronavirus pandemic, a situation that has been described as "an act of God" by Finance Minister Nirmala Sitharaman. The government in the letter said it wants to stay clear of "avoid...
-
Government Asks States To Borrow Rs 2.35 Lakh Crore To Meet Tax Shortfall
Finance Minister Nirmala Sitharaman said she had asked her counterparts at state level to borrow up to Rs 2.35 lakh crore from the market to help close the fiscal gap.
-
Centre's Options On GST Shortfall "Unacceptable": Kerala Finance Minister
The Kerala government on Thursday termed as "unacceptable" the two options placed before the GST Council by the Centre for borrowing by states to meet the shortfall in tax revenues.
-
GST Council Meet: Centre Gives States Two Options To Compensate Rs 2.35 Lakh Crore Tax Shortfall
Centre asked the states to borrow money from the market in order to meet the Rs 2.35 lakh crore compensation shortfall
-
Covid "Act Of God", We May See Economy Contract: Nirmala Sitharaman
The coronavirus pandemic has hurt goods and services (GST) collection and the shortfall is Rs 2.35 lakh crore for fiscal 2021, the government said on Thursday. Finance Minister Nirmala Sitharaman, after a meeting of the decision-making body for fixing GST policies, said the coronavirus pandemic was "an act of God" and an unforeseen factor that affe...
-
Punjab Suffers 88% Fall In Revenue In April: Amarinder Singh
Pegging the April revenue shortfall for Punjab at 88 per cent, Chief Minister Amarinder Singh on Wednesday said with all tax revenues dried up and only 1.5 per cent of the industry currently operational, the state was facing a difficult financial situation.
-
"3 Things To Speak ...": P Chidambaram's Advice To PM Before Delhi Polls
With the Budget only three days away, former Finance Minister P Chidambaram hit out at Prime Minister Modi and his government this morning over the state of the economy, highlighting shortfall in tax revenues and a sharp increase in retail inflation
-
Budget 2020: Room For Income Tax Relief Limited As Centre Faces Tax Shortfall, Says Report
Tax collections in the current fiscal may fall short of targets by as much as Rs 2 lakh crore on faltering economy, leaving a very little room for Finance Minister Nirmala Sitharaman for offering any meaningful reduction in personal income tax rates.
-
Congress Raises GST Compensation Issue In Rajya Sabha
The Congress, in Rajya Sabha today, raised the issue of the Centre delaying payment of compensation to states for revenue shortfall in the Goods and Services Tax (GST) since August, saying this might lead to stoppage of development work and payments to employees.
