GST collections hit all-time high of over Rs 1.15 lakh crore in December

The GST revenues have exceeded the Rs 1-lakh crore mark for three consecutive months.

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· Jan 01, 2021 · 06:58 pm

GST collections in November 1.4% higher than revenue collected in same month last year

This is the second straight month in the current fiscal year when the GST revenue has topped Rs 1 lakh crore.

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· Dec 01, 2020 · 05:21 pm

GST collections cross Rs 1-lakh-crore in October – a first in eight months

The revenue for October is 10% higher than Rs 95,379 crore collected in the same month last year.

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· Nov 01, 2020 · 02:12 pm

Uncooperative federalism: Compensation debacle shows how GST council offers little space to states

The GST Council has been a set back for Indian federalism.

Shoaib Daniyal

· Oct 19, 2020 · 06:30 am

GST shortfall: After Centre gives in, Nirmala Sitharaman writes to states on borrowing plan

The finance minister said the Centre will now undertake the required borrowings in tranches and pass it on to states as a ‘back-to-back loan’.

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· Oct 16, 2020 · 04:33 pm

GST compensation: Centre to borrow Rs 1.1 lakh crore under special window to meet shortfall

The amount borrowed will be passed on to states as a back-to-back loan in lieu of GST compensation cess releases.

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· Oct 15, 2020 · 08:40 pm

‘Why is your CM mortgaging your future for Modi’: Rahul Gandhi asks 21 states on GST compensations

Most of these states ruled by the BJP have backed the Centre’s resolution to borrow to make up for the loss of revenue for GST implementation.

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· Oct 13, 2020 · 10:42 am

No consensus yet on meeting GST shortfall, says Nirmala Sitharaman

The finance minister said that the Centre cannot afford to borrow more at present.

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· Oct 12, 2020 · 10:18 pm

GST compensation cess of Rs 20,000 crore to be given to states by tonight, says Nirmala Sitharaman

Moreover, Rs 24,000 crore IGST will be distributed by the end of next week to the states that had received less than their fair share.

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· Oct 05, 2020 · 08:03 pm

Centre violated GST Compensation Cess Act, used funds allocated for states elsewhere: CAG report

The auditor said the Centre used the money for other purposes, which led to overstatement of revenue receipts and understatement of fiscal deficit for the year.

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· Sep 25, 2020 · 09:12 am

GST compensation: Eight parties protest outside Parliament, demand clearance of dues

DMK MP Dayanidhi Maran submitted an adjournment motion in the Lok Sabha over the dues.

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· Sep 17, 2020 · 06:02 pm

GST compensation: Only way to make up for loss of revenue is to borrow money, says Andhra Pradesh CM

Jagan Mohan Reddy said that the state government cannot tax people more and is working on possible revenue generating options.

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· Sep 09, 2020 · 01:03 pm