Gst Revenues

HC issues notice to Maharashtra GST dept for arrest over circular trading

Petition says arrest made despite a CBIC circular saying that no tax liability is there in circular trading

Centre upbeat on Rs 1.5-trillion GST revenue every month from October

GST collections were to the tune of Rs 1.43 trillion in August; in July it was around 1.49 trillion

Will bumper GST collections weaken states' case for compensation?

The GST compensation remains a bone of contention between the Centre and states. So, as the GST collections continue to soar, will it hit the states' case which has been demanding its extension?

Bumper GST collections could lead to compensation windfall for states

Extending compensation is a topic that has remained a sticking point in India's federal structure, with not only opposition states but also BJP-governed states speaking about it

GST collection jumps 28% YoY in July to second highest ever at Rs 1.49 trn

Collection remains above Rs 1.4 trn for fifth straight month

GST collection recovers to a 3-month high of Rs 1.16 trn in July

On a year-on-year basis, the July GST collection witnessed a 33 per cent jump

At record Rs 1.19 trn, GST collections give FM confidence ahead of Budget

Since the collections were till 6 pm on January 31, some more money is expected to come into the government coffers for the month

GST revenues touch an all-time high of Rs 1.20 trillion in January

GST collections for January touched an all-time high of about Rs 1.20 trillion, the Finance Ministry said on Sunday.

Chhattisgarh, Punjab to opt for centre's borrowing option on GST shortfall

This leaves Jharkhand as the odd one out

Govt writes to states, suggests borrowing options to meet GST shortfall

States could borrow via a special window centre will facilitate through the RBI or they may raise debt from the market, says finance ministry

GST Council meet: States accuse Centre of 'arm-twisting' them to borrow

Even BJP-ruled states like Karnataka suggest central govt should borrow to compensate states

GST compensation period: States likely to push for five-year extension

Set to seek higher borrowing limits as revenues dry up

Revenue and compensation on table at GST Council meeting on Friday

The government has rung up just about Rs 95,000 crore as GST in April and May together, and that is less than half compared with the collection in the corresponding months last year.

Explained in numbers: Covid-19 lockdown impact on states' GST revenues

All the states may see around Rs 5,000 crore of GST collections in 2020-21

States face over Rs 1 trillion revenue gap post GST compensation withdrawal

At the time of implementation of the Goods and Services Tax (GST) on July 1, 2017, the Centre had promised to compensate states for loss of revenue for five years at an agreed formula

Expectations vs reality: SGST is a victim of irrational estimates

Wide variations in growth estimates for state GST raise serious questions about the assumptions on which the projections were made

GST revenue growth promised to states may be trimmed to 10-12% from FY21

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

Automobile slowdown has shrunk GST compensation kitty, says Sushil Modi

The fund is used to compensate the states for revenue shortfall suffered due to roll out of the new indirect tax

GST and compensation cess review on cards as collections fall short

If states' GST revenue does not grow by at least 14%, the Centre pays them the difference, after every two months

GST Council to review revenue position amid demand for pending compensation

The compensation requirements have increased significantly and are unlikely to be met from the compensation cess being collected, it said