The Bengal government has partially agreed to the latest formula proposed by the Centre to clear the shortfall in GST compensation to the states. While it has decided to go along with the Modi govern...

The Centre has borrowed and transferred Rs 6,000 crore as the first tranche of GST compensation under the special borrowing window to 16 states even as some states continue to demand a meeting of the ...

The GST Council should meet and evolve a consensus on the borrowing by the Centre to compensate the states, Kerala finance minister Thomas Isaac said on Thursday. “Having reached a consensus on...

The Centre on Tuesday permitted 20 states to raise additional Rs 68,825 crore through open market borrowings to bridge the revenue shortfall caused by the Covid-19 pandemic. The decision comes a day ...

The slanging match between the Centre and  some Opposition-ruled states over the contentious payment of compensation for the shortfall in goods and services tax collections has now descended into...

The Narendra Modi government on Tuesday ruled out a vote on the compensation issue while arguing that that borrowing by states did not require the approval of the GST Council. The government, which h...

The technology infrastructure of Goods and Service Tax has been upgraded to allow more concurrent users of the portal, offer more convenience to assessees and plug in revenue leakage. The indirect ta...

The Centre plans to let states borrow a higher sum for its inability to pay their GST dues because of the pandemic as it looks to avoid confrontation at the GST Council meet on Monday though the six n...

The Comptroller and Auditor General’s comments that the Centre has wrongly retained Rs 47,272 crore of GST compensation cess meant for states could become a major topic of debate during the upco...

As many as 21 states, mostly ruled by the BJP or parties which have supported it on various issues, have opted to borrow Rs 97,000 crore to meet the GST revenue shortfall in the current fiscal, source...