NEW DELHI: Jharkhand has also agreed to accept the Center’s proposal on market loans to make up for the revenue shortfall due to GST implementation, drawing down the curtains of acrimony on the issue between the government and opposition-run states. Several opposition-ruled states had argued in a special session of …
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All states and territories in the Union have decided to opt for the first option offered by the Center to cover the revenue shortfall arising from the implementation of the Goods and Services Tax (GST) and Jharkhand becomes the latest state to join the list, the government said Saturday. . …
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NEW DELHI: Ministry of Finance sources have refuted the Comptroller and Auditor General’s (CAG) audit finding that the central government wrongly withheld Rs 47,272 crore of GST compensation cease intended for states, to say that temporary retention cannot be classified as a deviation. Days after the CAG indicated that the …
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Over the past few weeks, there has been a heated discussion between the central and state governments about offsetting the goods and services tax (GST). The Center had assured states compensation for any shortfall in tax collection through 2022. Mint explores the issue. Why is tax revenue so stressed? Tax …
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