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GST FORMULA
GST wins India Inc's vote, but businesses seek faster refunds and smarter reforms: DeloitteIndia's GST regime has achieved widespread acceptance, with digitisation and rate adjustments hailed as major successes. Businesses now pri...- Vijay's transformation as 'Muthalvan' from 'Thalapathy'Actor-turned-politician Vijay was sworn in as Tamil Nadu Chief Minister after his party TVK defeated the DMK in the 2026 Assembly elections...
- Vijay's transformation as 'Muthalvan' from 'Thalapathy'Actor Vijay has made a remarkable leap from cinema to politics. He launched his party, TVK, and has now become Chief Minister in his debut ...
- The energy shock at 35,000 feet is burning a hole in your pocketAs aviation fuel prices reach a new high globally, the airline industry is feeling the crunch, with ticket prices climbing and schedules be...
- SBI card rule change from July 15: Pay higher minimum due amount in your next credit card bill; will it mean faster repayment?State Bank of India (SBI) Cards will modify the minimum amount due calculation from July 15, 2025. The new method ensures full settlement o...
- Opposition states seek change in GST revenue-share formulaIn a letter to finance minister Nirmala Sitharaman, Chhattisgarh finance minister TS Singh Deo said the existing formula of equally splitti...
- Politicising GST Council decisions an insult to federal body: Sitharaman in RSReplying to a supplementary during the Question Hour by NCP leader Vandana Chavan for asking why non-BJP states have higher GST compensatio...
- Refund of input tax credit for input services cannot be claimed: Supreme CourtThe top court in its order set aside appeals filed against a Madras High Court judgement on the matter and affirmed the lower court’s decis...
- GST compensation: Siddaramaiah attacks Yediyurappa, asks Centre to fill entire GST gap"There is no way to determine exact loss due to pandemic or recession or implementation. GST Compensation Act mandates Centre to pay the ga...
- Depriving states of GST compensation attempt to undermine federalism: Mamata to PMUrging the prime minister not to belie the trust between the states and the Centre on the issue, Banerjee asked him "not to allow an insuff...
- Dividing the Pie: The debate between Budget 2020 and 15th Finance Commission over sharing financesStates contribute funds to the Centre by levying central taxes & receive funds from Centre in different ways.
- IBJA moots retail gold price for all jewellersThe move can ensure uniform gold price & jewellers can be asked to pay GST on reverse tax mechanism.
- Centre, state governments work on formula for 'GST on high seas'Jaitley, who is keen to ensure that the rules are decided based on consensus rather than voting, acknowledged that it was a race against ti...
- GST Council to meet tomorrow, decide on tax rate by Oct 20The meeting will also deliberate on the vexed issue of the Centre retaining power to assess 11 lakh service tax filers under the new dispen...
- GST threshold fixed at Rs 20 lakh in GST council's meet, rate to be decided in OctoberThe base year for compensation to states -- on the basis of which they will get a share of the GST revenue -- has been fixed as 2015-16, sa...
- GST not to move through consolidated fund; tax collection under existing modelThe amendments provide a firmer assurance that states will be compensated for full five years for any loss of revenue from the roll out of ...
- Finance Minister Arun Jaitley defends PPF rate cut, attacks CongressJaitley on Sunday defended the government's decision to slash interest rates on PPF and national small savings, saying this was part of a r...
- Gujarat government opposes Goods and Services TaxGujarat's main objection is that as it is a manufacturing state, it will suffer major loss of revenue under the proposed formula.
- Congress to press for five changes in GST BillThe party feels that if that provision was implemented only states like Gujarat, Maharashtra and Tamil Nadu will benefit at the cost of oth...
- GST bill likely in budget session, no pact on kickoffThe Government may introduce a legislation in the budget session of Parliament to make necessary constitutional amendments and facilitate t...
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