The assumption of 14 per cent assured growth rate aggravates the revenue stress
Former Maharashtra CM Prithviraj Chavan said "resource constraints are a real challenge before the state governments", and not just those run by the Congress
Govt must be restrained on collection targets
The idea was discussed during the presentation given by chairman of the 15th Finance Commission (15th FC) N K Singh, in the previous GST Council meeting
The GST rate on mobile phones is 12%, whereas that on phone parts and batteries is 18%
Central govt official says will release funds before end of this month
The real estate industry, which has been in the doldrums for almost four years now, has been demanding regulatory and tax changes to shore up the demand and liquidity
SGST revenue grew by 24% for all states put together in 2018-19 year on year
So we had to revise estimate downward, to show a realistic picture, said Revenue Secretary Ajay Bhushan Pandey
While GST collection showed a marked improvement in January, it may not be enough to restrict the deficit to Rs 1 trillion
The state, which expects around 20 per cent growth in tax revenue per month once GST is fully implemented, has so far only seen 8.75 per cent growth this year
The crucial GST Council meeting, to be held in Delhi on Thursday, will be chaired by Finance Minister Arun Jaitley
Compensation cess is Rs 7,988 cr