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SHORTFALL COMPENSATION
Rs 15 lakh, Rs 20 lakh or Rs 25 lakh CTC? Check your exact TDS under new vs old tax regime for Tax Year 2026-27Understanding Tax Deducted at Source (TDS) on your salary is crucial. Employers calculate your annual tax liability based on declared incom...- Banks are cutting credit card perks quietly; Learn how to get more value from your walletMany banks have recently reduced credit card rewards, cashback limits, and perks, prompting cardholders to reassess their spending strategi...
- RBI's dividend gives Govt fiscal breathing space amid crude oil pressures: Kotak Securities Anindya BanerjeeThe Reserve Bank of India's (RBI) record dividend payout of Rs 2.87 lakh crore is expected to directly repair the government's balance shee...
- Bulk buyers shifting to retail pumps behind fuel demand spike in parts of IndiaFuel demand is rising at some Indian petrol pumps. Bulk diesel buyers are switching to retail outlets due to a large price gap. This is cau...
- India needs to reduce the strategic importance of fertilisers through a bold agricultural policyGlobal events like the West Asia conflict and El Nino threaten governments. Rising fertilizer prices create a fiscal and political crisis f...
- GST cess may fall short of Rs 1.37 lakh crore for states compensation; Centre likely to meet shortfallThe GST compensation cess fund might have a ₹1.37 lakh crore shortfall by March 31 due to ₹50,000 crore interest on Covid loans. An additio...
- Government releases full Rs 1.1 lakh crore to states for GST compensation shortfallRatings agency ICRA estimated that GST compensation requirement of the state governments for FY2022 would be at Rs 2.7-3.0 lakh crore, and ...
- 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 ...
- 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...
- 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...
- GST compensation shortfall: Kerala may take Option 1 under protest“If there’s no other option then we will also accept, but under protest and we will continue to raise the issue at the GST Council… There w...
- 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...
- GST shortfall: Centre borrows, transfers Rs 6,000 crore to 16 states, two union territoriesThe finance ministry said that the Centre would borrow from the market to pay the GST compensation shortfall of Rs 1.1 lakh crore to states...
- 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...
- 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...
- GST: 12 states accept centre’s Rs 97,000 crore borrowing optionSix more states - Goa, Assam, Arunachal Pradesh, Nagaland, Mizoram and Himachal Pradesh - will be giving their option in a day or two, fina...
- Opposition states plan to seek Prime Minister Modi's help on GST shortfall compensationTamil Nadu chief minister Edappadi K Palaniswami wrote to the PM on Monday, asking him to direct the finance ministry to revisit its stance...
- GST compensation fund, cess can stay beyond 5 years if steep fall in revenue continues: Attorney GeneralThe country’s top law officer, however, said any decision to extend the cess beyond the five-year period would require endorsement by a thr...
- 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...
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