Opposition-ruled states may go to court if the Centre is able to rustle up support in the GST Council to the “disagreeable” option of forcing the state governments to raise borrowings from...

The number of states opposed to the Centre’s GST compensation policy far outnumber those in favour, but a tilted voting rule may see the Centre carry the day at the GST council meeting on Thursd...

The Centre came up with a long-winded justification of why it would not borrow from the RBI and then pass on the proceeds to the states. “The question arises of who should borrow,” the no...

The Congress on Thursday expressed deep anguish over the Narendra Modi government’s attitude of using brute majority in Parliament and the GST Council to arm-twist states into submission over th...

Bengal has joined several other non-BJP states to ask the Centre to fulfill its constitutional responsibility to compensate states for any shortfall in GST collection. State finance minister Amit Mit...

The GST Council is likely to meet on August 27 to discuss the compensation payout to states and the opinion of the attorney-general on the legality of market borrowing to meet revenue shortfall. Sour...

The Union government is keen on a debate on public expenditure at a time centrally sponsored schemes are up for evaluation. Incidentally, the term of these schemes as well as that of the 14 th Finance...

 The GST Council on Friday extended the tenure of the anti-profiteering authority by two years and approved a penalty of up to 10 per cent on entities that fail to pass on the benefits of the GST...

The GST Council is expected to meet at the end of this month on the restructuring of rates, including a three-slab structure.Finance ministry officials said they were reviewing the rates, with an opti...

The group of ministers appointed by the GST Council has recommended two GST slabs for under-construction houses — 5 per cent for normal flats and houses and a reduced rate of 3 per cent for “affor...