The 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...

The 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 ...

The borrowing amount is 0.5% of gross state domestic product (GSDP). The total shortfall in the revenue of states on this account has been ...

While 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,...

The Opposition-ruled states of Punjab, Chhattisgarh, Jharkhand, West Bengal, Kerala, Delhi, Maharashtra, Puducherry and Telangana would rej...

Some states have objected to the proposed borrowing plan of the Centre to fund the GST revenue shortfall and they are being requested to ex...

Parliament passed a law, specifically on the subject of compensating the states for any shortfall in GST collections from a linear projecti...

"Congratulations to the finance ministers of Punjab, Chhattisgarh, Kerala, West Bengal, Telangana and Delhi for rejecting the bogus twin op...

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...

The 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, which in any case is likely to be higher than the rate at which the central gov...

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 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...