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GST REVENUE SHORTFALL
Nifty upside limited, but stock-specific opportunities remain: Pramod AmtheIndian equities face headwinds from inflation and monsoon uncertainty, yet opportunities exist. Pramod Amthe of InCred Capital highlights s...- Centre's FY22 GST compensation amount should be higher than projected Rs 1.58 lakh crore: Opp-ruled statesFinance ministers of Kerala, Punjab and Chhattisgarh said there was no consensus regarding the compensation requirement in 2021-22 in the M...
- GST Council to discuss tax rate on Covid essentials, compensation to states on FridayAhead of the first meeting of the top decision-making body, finance ministers of eight states ruled by non-BJP and like-minded parties -- R...
- FY'22 GST compensation shortfall estimated at Rs 2.69 lakh croreThe Centre expects to collect over Rs 1.11 lakh crore through cess on luxury, demerit and sin goods which will be given to the states to co...
- Telangana accepts Centre's borrowing option to meet GST shortfallThe Centre has already borrowed Rs 18,000 crore on behalf of the states in three instalments and has passed it on to 22 states and 3 Union ...
- Centre permits 20 states to raise Rs 68,825 crore via borrowing to meet GST shortfallThe borrowing amount is 0.5% of gross state domestic product (GSDP). The total shortfall in the revenue of states on this account has been ...
- Stormy GST Council meet likely on Monday; non-BJP states to oppose Centre's borrowing optionWhile as many as 21 states, mostly ruled by BJP or parties which have supported it on issues, had till mid-September opted to borrow Rs 97,...
- Opposition-ruled states dig in heels against centre’s borrowing optionsThe Opposition-ruled states of Punjab, Chhattisgarh, Jharkhand, West Bengal, Kerala, Delhi, Maharashtra, Puducherry and Telangana would rej...
- Some states against borrowing options to meet GST shortfall, says MoS Anurag Singh ThakurSome states have objected to the proposed borrowing plan of the Centre to fund the GST revenue shortfall and they are being requested to ex...
- Why amicable resolution to GST shortfall is vital for our federal polityParliament passed a law, specifically on the subject of compensating the states for any shortfall in GST collections from a linear projecti...
- Congress leader P Chidambaram lauds 6 states for rejecting Centre's GST proposal"Congratulations to the finance ministers of Punjab, Chhattisgarh, Kerala, West Bengal, Telangana and Delhi for rejecting the bogus twin op...
- Kerala rejects Centre's proposal of borrowing by states to meet GST revenue shortfallThe Centre and opposition-ruled states like Punjab, Kerala, Delhi and West Bengal, are at loggerheads over the financing of the Rs 2.35 lak...
- CPI(M) targets government over 'Act of God' remark on GST revenue shortfallThe Centre on Thursday placed before the GST Council two options for borrowing by states to meet the shortfall in GST revenues pegged at Rs...
- States should not be made to bear the burden of borrowing: Punjab FM Manpreet Badal“States should not be made to bear the burden of borrowing, which in any case is likely to be higher than the rate at which the central gov...
- States may have to borrow as AG says Centre not obligated to pay for GST compensation shortfallSources 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...
- Auto sector slowdown affecting GST compensation cess kitty: Sushil ModiSushil Modi, who heads the Group of Ministers (GoM) on GST revenue shortfall, said that the economic slowdown, particularly the muted sales...
- ITC may feel the heat as GST shortfall could lead to higher taxes on tobaccoCLSA 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...
- GoM on revenue shortfall to study GST collection on services by statesThe panel has been formed by the GST Council to look into revenue shortfall being faced by the states post implementation of the Goods and ...
- Sushil Modi to head GoM on GST revenue shortfall faced by statesAmong the union territories, Puducherry is facing maximum shortfall of 43 per cent.
- GST Council focuses on missing collection target every monthFinance minister Arun Jaitley said states faced an average 16% shortfall in GST collections in the year ended March 2018, after it was impl...
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