Gst
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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.
Scroll Staff
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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.
Scroll Staff
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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.
Scroll Staff
Trending
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Whichever way you look at it, Modi’s handling of the farm laws has been a complete mess
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Virat Kohli uses an 'MRF bat'. Rohit Sharma uses a 'CEAT bat'. But whose bat do they really use?
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Nine health workers have died in vaccine rollout. India must disclose status of probe into each case
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Green card reform, no more Muslim ban: What Biden’s immigration proposals promise
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‘Please don’t follow me now’: Actor Rhea Chakraborty asks paparazzi when spotted in Mumbai
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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
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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’.
Scroll Staff
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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.
Scroll Staff
Video
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Watch: Kashmir’s first igloo restaurant opens in Gulmarg
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Watch: Indonesian volcano Mount Merapi erupts, spews hot ash and smoke
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Watch: Teenager shows what British sitcoms would be like if set during the pandemic
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Watch: Mother surprises daughter with cancer by shaving her own head too
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Watch: Time-lapse of the snowiest day in over five decades seen in Omaha, US
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‘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.
Scroll Staff
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No consensus yet on meeting GST shortfall, says Nirmala Sitharaman
The finance minister said that the Centre cannot afford to borrow more at present.
Scroll Staff
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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.
Scroll Staff
The Reel
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‘The Courier’ trailer: Benedict Cumberbatch plays a British spy in Cold War thriller
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Watch: AR Rahman launches ‘maajja’ platform to promote independent music
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Warner Bros releases sneak peek of ‘Suicide Squad’ sequel, new films with Hugh Jackman, Will Smith
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‘Crime Scene: The Vanishing at the Cecil Hotel’: Series revisits LA hotel linked to several crimes
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‘Silk Road’ trailer: Crime thriller examines the rise and fall of Ross Ulbricht and his darknet site
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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.
Scroll Staff
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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.
Scroll Staff
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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.
Scroll Staff
The Field
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It is a ridiculous suggestion: Michael Vaughan on proposal to ban bouncers in Under-18 cricket
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Survey reveals widespread racism in English cricket, players to take anti-racism courses
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Bengaluru FC loses Rs 25 crore every ISL season, owner Jindal shares concern with Ambani: Report
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ISL, Hyderabad FC vs Bengaluru FC preview: With playoff hopes fading, Blues face tough Nizams test
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Cricket: In England, India will clash with India A for practice game ahead of Test series