The GST Council on Monday again failed to arrive at a consensus on how to compensate the states for the shortfall in collections. But finance minister Nirmala Sitharaman appeared to charge the Opposi...

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Finance Minister Nirmala Sitharaman on Monday announced a payment of cash in lieu of LTC and Rs 10,000 festival advance to government employees to stimulate consumer demand during the festival season ...

The Centre is reducing the compensation cess shortfall for this fiscal year to Rs 1.83 lakh crore from Rs 2.35 lakh crore earlier. The cut arises because the government intends to roll over the amount...

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...

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From January 1, taxpayers whose annual turnover is less than Rs 5 crore will not be required to file monthly returns such as GSTR 3B and GSTR-1. They will only file quarterly returns, said finance sec...

The finance ministry will start its budget-making exercise for 2021-22 on October 16. The budget projections will be built around the special circumstances prevailing in the country as a result of Cov...

Chief economic adviser Krishnamurthy Subramanian has indicated that the Union government is considering a second round of stimulus measures with the economy showing signs of exhaustion after initially...