On Tuesday, the Center allowed 20 states to raise ₹ 68,825 crore through open market loans to fill the GST income gap. The decision was made a day after the GST Council meeting failed to reach consensus on the deadlock in the…
read moreFifteen days after the Center detailed two options for states to borrow to offset the compensation deficit of Rs 2.35 lakh crore this budget under the goods and services tax (GST) regime, a total of 12 States, in their majority, made up…
read moreWhile the Center decided on Thursday to attribute much of the blame for the delays in GST compensation payments to the downturn inflicted by the pandemic, the delays preceded the Covid-19 shock by nearly a year, when payments were due for August…
read moreThe Goods and Services Tax (GST), implemented in July 2017, marked a significant change from the traditional tax linked to production to a tax based on consumption. The new regime included public levies such as VAT, sales tax, entry / subsidy tax,…
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