Ratings agency ICRA estimated that GST compensation requirement of the state governments for FY2022 would be at Rs 2.7-3.0 lakh crore, and ...

Early indicators such as number of e-way bills generated in the first three weeks of February had also suggested that GST collections in Fe...

"If the centre has decided to borrow the Rs 1.1 lakh crore and extend it to the states as back-to-loans, I welcome the change of position. ...

While 21 states that are either ruled by the BJP or those that have supported it have chosen the option to borrow Rs 97,000 crore, others l...

The Centre and opposition-ruled states like Punjab, Kerala, Delhi and West Bengal, are at loggerheads over the financing of the Rs 2.35 lak...

Under the GST structure, taxes are levied under 5 per cent, 12 per cent, 18 per cent and 28 per cent slabs. On top of the highest tax slab,...

Sources said the AG in his view has said there is no obligation on the central government to pay the GST compensation shortfall from its co...

Sushil Modi, who heads the Group of Ministers (GoM) on GST revenue shortfall, said that the economic slowdown, particularly the muted sales...

CLSA said state governments’ tax revenue, including GST, grew just 1 per cent in April-August 2019 from a year ago period compared to the b...

The target for GST collection was revised downwards to Rs 6.44 lakh crore from the Budget Estimate of Rs 7.44 lakh crore.

Top sources indicate that the government could very well be staring at a revenue shortfall of close to Rs 1.5 lakh crore rupees on account ...

The panel has been formed by the GST Council to look into revenue shortfall being faced by the states post implementation of the Goods and ...

Among the union territories, Puducherry is facing maximum shortfall of 43 per cent.

Finance minister Arun Jaitley said states faced an average 16% shortfall in GST collections in the year ended March 2018, after it was impl...

In rupee terms, the revenue shortfall of all states has come down from Rs 12,208 crore in August to Rs 7,560 crore in October, he said.

The Chairperson of Central Board of Excise and Customs said it was difficult to access the target as exporters would take refund and there ...

State Commercial Taxes Department, which keeps a record of tax collection, said the drop is not expected to continue in the future.