GST cess may fall short of Rs 1.37 lakh crore for states compensation
The GST compensation cess fund might have a ₹1.37 lakh crore shortfall by March 31 due to ₹50,000 crore interest on Covid ...
No cause for concern over sufficiency of GST cess fund: Finance Ministry
The finance ministry assures there is no concern regarding the sufficiency of the GST compensation cess fund. It is on track ...
Fortune India6dOpinion
GST: Unmaking of a Big Bang reform
As corporate tax and disinvestment receipts fall and tax-to-GDP stagnate, the GST has to do the heavy-lifting to bring ...
GST collections 7.3% up in December, totaling Rs 1.77 lakh crore
India's GST revenue grew by 7.3% year-on-year in December, reaching Rs 1.77 lakh crore. Central GST was Rs 32,836 crore, ...
Business Line18d
GST reforms, a work in progress
The GoM looking into the much-debated restructuring of the GST compensation cess has been given time till June 30, 2025, to give their recommendations. These would be keenly awaited by many States.
GST collections in December increase 7.1% to Rs 1.76 lakh crore
During the financial year 2023-24, the total gross GST collection was recorded at Rs 20.18 lakh crore, with an 11.7 per cent ...
Business Line28d
GoM on GST Compensation Cess may seek 6 more months to submit its report
Its ‘Terms of Reference’ is to make taxation proposal to replace compensation cess after its abolition. Technically, all cess and surcharge (Centre and States) are part of GST. However ...
The Financial Express12d
EXPLAINER: Why keeping GST simple is getting increasingly difficult
THE GST COUNCIL raised the tax rate on ready-to-eat popcorn to 18% in cases where it is mixed with sugar, thereby changing ...
Hindustan Times19d
GST Council rejigs rates, defers call on insurance
GST on insurance premia and the fate of compensation cess post-March 2026. The Goods and Services Tax Council (GST) in its 55th meeting on Saturday took a slew of decisions to protect the poor ...