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GST SHORTFALL
Indirect tax mop-up tops FY26 target, but pan masala cess misses the markIndia's indirect tax collections for fiscal year 2025-26 have surpassed the government's target. Customs, excise, and GST revenues showed s...02 Apr, 2026, 02.42 PM IST- More options to make up for GST shortfallThe Council may also extend GST rate reduction on Covid medicines till December 31, sources said.14 Sep, 2021, 12.20 AM IST
- Centre releases 17th installment of Rs 5000 crore to states to meet GST compensation shortfallOut of this, an amount of Rs 91,460.34 crore has been released to the States and an amount of Rs 8,539.66 crore has been released to the 3 ...20 Feb, 2021, 02.05 PM IST
- FinMin releases weekly instalment of Rs 6,000 cr to states to meet GST shortfallThe finance ministry in a statement said it has released the 13th weekly instalment of Rs 6,000 crore to the states to meet the GST compens...25 Jan, 2021, 05.35 PM IST
- Centre releases 11th installment of Rs 6000 crore to states to meet GST compensation shortfallOf this amount, Rs 5,516.60 crore was released to 23 states and Rs 483.40 crore to Delhi and the Union Territories of Jammu & Kashmir and P...11 Jan, 2021, 06.40 PM IST
- Centre must borrow ₹1.7 lakh crore for GST relief shortfall: 5 non-BJP statesOpposition-ruled states of Kerala, West Bengal, Chhattisgarh, Punjab and Jharkhand have fired a fresh salvo on the GST shortfall saying the...18 Nov, 2020, 10.00 AM IST
- Rajasthan takes Rs 1.1 lakh crore option to meet GST compensation shortfallThe finance ministry said in a statement on Thursday that Rajasthan will get Rs 4,604 crore through special borrowing window and will be pe...05 Nov, 2020, 08.43 PM IST
- No solution in sight: Centre must borrow entire GST shortfall, opposition reiteratesChhattisgarh commercial tax minister TS Singhdeo told ET: “Our stance is that the Centre should borrow the full amount of shortfall and com...23 Oct, 2020, 10.26 PM IST
- Opposition ruled states likely to take a stand against Cenre's GST shortfall settlement plansCongress top leadership will reach out to opposition-ruled states of West Bengal, Kerala and Jharkhand to take a common stance on the finan...19 Oct, 2020, 11.01 PM IST
- 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 ...14 Oct, 2020, 01.31 PM IST
- 42nd GST Council meeting: More clashes, or finally a consensus?While 21 states that are either ruled by the BJP or those that have supported it have chosen the option to borrow Rs 97,000 crore, others l...05 Oct, 2020, 11.27 PM IST
- 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...01 Oct, 2020, 11.43 PM IST
- View: Amicable and long-lasting resolution to GST deadlock is vital for our economic edificeThe states should ask immediately for two things: first, an extension of the deadline for making up the loss of revenue; second, the option...08 Sep, 2020, 11.15 PM IST
- 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...05 Sep, 2020, 11.00 PM IST
- Non-BJP states unhappy with GST relief plan, may forge joint strategyThe Centre on Saturday circulated two options for states to borrow and meet the GST shortfall, which will be repaid via an extension of the...30 Aug, 2020, 09.43 AM IST
- 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...15 Oct, 2019, 08.25 AM IST
- Rs 40,000 crore GST shortfall pauses rate cuts for nowSources said that a meeting of the GST Council had been convened largely to discuss issues related to micro, small and medium enterprises, ...05 Aug, 2018, 10.14 AM IST
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