As aviation fuel prices reach a new high globally, the airline industry is feeling the crunch, with ticket prices climbing and schedules be...

State Bank of India (SBI) Cards will modify the minimum amount due calculation from July 15, 2025. The new method ensures full settlement o...

In a letter to finance minister Nirmala Sitharaman, Chhattisgarh finance minister TS Singh Deo said the existing formula of equally splitti...

Replying to a supplementary during the Question Hour by NCP leader Vandana Chavan for asking why non-BJP states have higher GST compensatio...

The 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...

"There is no way to determine exact loss due to pandemic or recession or implementation. GST Compensation Act mandates Centre to pay the ga...

States contribute funds to the Centre by levying central taxes & receive funds from Centre in different ways.

The move can ensure uniform gold price & jewellers can be asked to pay GST on reverse tax mechanism.

As per earlier provisions, 50% of the excess amount was to be devolved between Centre and States as per statute while the rest would have t...

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...

The meeting will also deliberate on the vexed issue of the Centre retaining power to assess 11 lakh service tax filers under the new dispen...

The 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...

The amendments provide a firmer assurance that states will be compensated for full five years for any loss of revenue from the roll out of ...

Jaitley 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's main objection is that as it is a manufacturing state, it will suffer major loss of revenue under the proposed formula.

The party feels that if that provision was implemented only states like Gujarat, Maharashtra and Tamil Nadu will benefit at the cost of oth...

The Government may introduce a legislation in the budget session of Parliament to make necessary constitutional amendments and facilitate t...