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Tags : "Goods and services tax"

GST: 12 states accept centre’s Rs 97,000 crore borrowing option

NEW DELHI: Twelve states including Andhra Pradesh, Bihar, Gujarat, Haryana, Karnataka, Madhya Pradesh, Meghalaya, Sikkim, Tripura, Uttar Pradesh, Uttarakhand and Odisha so far have opted for the first option offered by the centre — Rs 97,000 crore borrowing for compensation of revenue shortfalls due to goods and service tax (GST) transition. Manipur is the only […]Read More

GST council needs to work out mid-way solution for settling

NEW DELHI: The relation between the Centre and states is not that of ‘giver and taker’ and the GST Council will have to work out a mid way solution for making good the GST collection shortfall keeping in mind the central government too is bearing huge revenue loss due to COVID-19, Bihar Deputy Chief Minister […]Read More

June GST collections stand at Rs 90,917 crore

Goods and service tax (GST) collections for June 2020 clocked Rs 90,917 crore at gross levels, 9% lower than the same month last year, the department of revenue said Wednesday. The collections are higher than those recorded in April and May – the peak months of lockdown due to the Covid 19 pandemic – where […]Read More