Bengal and Kerala, which were among the states that had opposed the Centre’s borrowing plan to meet GST revenue shortall, have accepted the proposal and will get Rs 10,197 crore through a specia...

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...

In an attempt to spark pre-Diwali cheer, finance minister Nirmala Sitharaman delivered Thursday a third round of stimulus measures to help revive the Covid-devastated economy along with an upbeat asse...

The government has tightened the GST compliance norm by making e-invoicing mandatory for any firm whose turnover exceeds Rs 100 crore from January 1, 2021. The earlier limit was Rs 500 crore. Th...

Congress-ruled Rajasthan has broken ranks with some Opposition-ruled states, including Bengal, Punjab and Kerala, to accept the Centre’s proposal on the shortfall in GST compensation cess that e...

The quantum of borrowing to meet states’ GST revenue shortfall has to be “reasonable” considering its economic impact and the Centre will continue to request the Opposition-ruled sta...

The Centre has borrowed Rs 6,000 crore from the markets and transferred the money to 16 states and three Union Terrtories on Monday as part of the exercise to meet the shortfall in GST cess collection...

The goods and services tax (GST) collected in October rose to Rs 1.05 lakh crore, crossing the Rs 1-lakh-crore mark for the first time since February this year, reflecting a pick-up in economic activi...

The goods and services tax (GST) collected in October rose to Rs 1.05 lakh crore, crossing the Rs 1 lakh crore mark for the first time since February this year, reflecting a pick-up in economic activi...

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 ...