The total gross collection for FY23 was Rs 18.10 lakh crore, an average Rs 1.51 lakh a month and up 22% from FY22, data released on Saturda...

People aware of the development told ET that most of the members of the group were of the view that the 12% slab accounts for about 8% of t...

Compared to December 2019, collections are 12% higher, underlining the trend of economic recovery amid the Covid 19 pandemic and in line wi...

"Now whether you have other entities which borrow, whatever the picture is, as far as any kind of borrowing is concerned, it must ultimatel...

The meeting would discuss the impact of the pandemic on revenues of the Centre and states and ways to breach the revenue gap, sources said....

Faced with dismal collection and extended deadline for filing returns, the government has refrained from releasing the monthly GST revenue ...

"Buzz is everywhere other than my office," Nirmala Sitharaman said. She was responding to a question on whether the GST Council, which will...

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

States claimed that GST is not behind the slump in the auto sector.

In the last fiscal, the government collected Rs 62,021 crore as cess on sin and luxury goods. This amount will make up for the compensation...

While the Centre and the states had amended the Constitution to move to GST, J&K will have to enact its own laws as it has a special dispen...

Drabu said he would move the required legislation in J&K assembly to be part of GST and ensure the benefits accrue to the state.

Experts say subsidiaries created to avail of excise duty incentives will be irrelevant, and mergers will help reduce compliance work

Any excess amount after the end of five year tenure in the 'GST Compensation Fund' so created, would be divided between Centre and states, ...

The GST Council is headed by the Union finance minister and includes the finance ministers of all states. Its first meeting is slated for S...

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 ...

The Bill was the fourth draft prepared by the Centre after the first three drafts were rejected by the states, citing autonomy issues.