The latest attempt to scuttle a vote indicates that finance minister is making no real effort to hammer out a consensus...

Government rules out vote on the compensation issue, arguing that the borrowing by states does not require the approval of the GST Council...

Indirect tax backbone had come under the scanner for a system that is designed to handle only 1.25 lakh users...

Change may be done under the first option scheme, with the sum raised to Rs 1.10 lakh crore from Rs 97,000 crore...

Time taken in reconciliation of compensation receipts can’t be termed as diversion of cess fund when the dues to the states were fully released by the central govt, said finance ministry officials...

In the current fiscal, states are staring at a staggering Rs 2.35 lakh crore deficit...

The compensation cess isn’t likely to yield more than Rs 65,000 crore this year which leaves a yawning gap of Rs 2.35 lakh crore...

A tilted voting rule may see the Centre carry the day at the GST council meeting on Thursday...

The states have been pressing the Centre for payment for the shortfall in tax collections under the regime, which is expected to balloon to Rs 3 lakh crore this year...

Congress-ruled states upset because the Centre tried to create an impression that it was legally not bound to pay the compensation...