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Business  /  Published 21.07.21

Only 12% cash outgo in extra spending bill

Finance minister Nirmala Sitharaman on Tuesday sought Parliament’s approval to spend Rs 1.87 lakh crore as gross additional expenditure. Of this, the actual cash outgo will only be Rs 23,675 cro...
By Our Special Correspondent in New Delhi

Business  /  Published 16.07.21

Cloud over GST payout meet

The Narendra Modi-government appears to have hollowed out the demand for a special meeting of the GST Council to discuss the shortfall in compensation cess payable to states after asserting on Thursda...
By Our Special Correspondent in New Delhi

Business  /  Published 15.07.21

Centre releases 75k cr GST compensation

The government has borrowed and given to the states Rs 75,000 crore to make up for the shortfall in their revenues because of the GST implementation. The Finance Ministry in a statement said the amou...
By Our Bureau, PTI in New Delhi

Business  /  Published 08.07.21

Airbus: GST whip on Indian arm

Airbus India’s technical advisory and procurement services for its Francebased holding company are ‘intermediary services’ and liable to 18  per cent GST, the Authority for Adva...
By R. Suryamurthy in New Delhi

Business  /  Published 07.07.21

Stocks yo-yo, bonds dip

The Sensex on Tuesday hit a record high but its climb was thwarted by rising crude prices and lower GST collections in June. The profit booking that ensued saw the Sensex closing marginally lower afte...
By Our Special Correspondent in Mumbai

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Business  /  Published 07.07.21

GST mop-up at 10-month low

Goods and services tax (GST) collection slipped below Rs 1 lakh crore in June for the first time since September 2020, a sign the second wave of the coronavirus has severely hurt the economy. The col...
By Our Special Correspondent in New Delhi

Business  /  Published 01.07.21

Alcohol to stay out of GST ambit

The GST Council has decided to continue with the status quo on states taxing extra-neutral alcohol (ENA), which is used for manufacturing alcoholic liquor for human consumption, a senior official said...
By Our Bureau, PTI in New Delhi

Business  /  Published 24.06.21

GST course correction call

Bengal finance minister Amit Mitra has suggested a ‘course correction’ to steer the functioning of the GST Council and bring back a ‘consensual atmosphere’ instead of the &lsqu...
By Our Special Correspondent in Calcutta

Business  /  Published 21.06.21

Hard bargain on GST payouts

The Opposition-ruled states are set to drive a hard bargain at the next GST Council meeting — likely in early July — to discuss compensation to the states. Officials said the key areas of...
By R. Suryamurthy in New Delhi

Business  /  Published 18.06.21

CII: Rs 3 lakh cr stimulus sought

The government should come out with a fiscal stimulus of Rs 3 lakh crore, including cash transfer to households through  Jan Dhan accounts, to perk up demand and spur economic growth, industry c...
By Our Special Correspondent in New Delhi


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