Top news of the day: November 25, 2022
2 years ago

Top news of the day: November 25, 2022

The Hindu  

Gujarat Assembly elections | BJP established peace in Gujarat after perpetrators of violence were ‘taught a lesson’ in 2002: Amit Shah Union Home Minister Amit Shah said that anti-social elements earlier indulged in violence in Gujarat as the Congress supported them, but after the perpetrators were “taught a lesson” in 2002 they stopped such activities and the BJP established “permanent peace” in the State. “Our government will fight strongly in the Supreme Court to get Marathi-speaking villages in Karnataka, including Belgaum, Karwar and Nipani,” he said. Iran regime supporters confront protesters at World Cup game Iran’s political turmoil cast a shadow also over Iran’s second match at the 2022 FIFA World Cup on Friday, with pro-government fans harassing anti-government fans outside the stadium in Qatar. Some Iran fans confiscated Persian pre-revolutionary Iranian flags from supporters entering the Ahmad Bin Ali Stadium and shouted insults at those wearing shirts with the slogan of the country’s protest movement, “Woman, Life, Freedom.” Small mobs of men angrily chanted “The Islamic Republic of Iran” at women giving interviews about the protests to foreign media outside the stadium.

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History of this topic

Centre, Karnataka should resolve issue related to drought aid: Supreme Court
2 weeks ago

Centre, Karnataka should resolve issue related to drought aid: Supreme Court

The Hindu  

The Supreme Court on Tuesday said the Centre and the Karnataka Government should resolve the issue of release of financial assistance from the National Disaster Response Fund to the State for drought management Attorney General R. Venkataramani, appearing for the Centre, told a Bench of Justices B.R. The Supreme Court was hearing a plea filed by the Karnataka Government seeking …

Top News on Dec 1: GST collection rises, Andhra dissolves Waqf board, Kejriwal rules out alliance in Delhi polls, more
3 weeks, 2 days ago

Top News on Dec 1: GST collection rises, Andhra dissolves Waqf board, Kejriwal rules out alliance in Delhi polls, more

Live Mint  

From increase in GST collection to Andhra govt dissolving Waqf board to killing of 7 Maoists to Donald Trump picking loyalist Kash Patel as his new FBI director, here are today's top stories. GST collection for November rises by 8.5% to ₹ 1.82 lakh crore The goods and service tax collection for the month of November rose 8.5 per cent …

‘Central transfers to Karnataka increased substantially’: Nirmala Sitharaman
4 months, 3 weeks ago

‘Central transfers to Karnataka increased substantially’: Nirmala Sitharaman

Hindustan Times  

Union finance minister Nirmala Sitharaman on Sunday clarified that the central transfers to Karnataka have “increased substantially”. Union Minister of Finance and Corporate Affairs Nirmala Sitharaman Hitting out at the Siddaramaiah-led state government, Sitharaman said that they “falsely” keep saying that the Centre does not give Karnataka its due. Sitharaman's comment comes days after the Congress government in Karnataka expressed …

Around ₹3,400 crore released to Karnataka for drought management: Centre to SC
7 months, 3 weeks ago

Around ₹3,400 crore released to Karnataka for drought management: Centre to SC

Hindustan Times  

The Centre on Monday told the Supreme Court that around ₹3,400 crore has been released to the Karnataka government for drought management in the state. Around ₹ 3,400 crore released to Karnataka for drought management: Centre to SC A bench of Justices B R Gavai and Sandeep Mehta was hearing a plea filed by the Karnataka government seeking a direction …

Nirmala terms Karnataka govt.’s attack on Centre about funds as ‘false and misleading’
9 months ago

Nirmala terms Karnataka govt.’s attack on Centre about funds as ‘false and misleading’

The Hindu  

Terming the Karnataka government’s attack on the Centre on funding as “completely false and misleading”, Union Finance Minister Nirmala Sitharaman on Sunday said the devolution to the State and the Centre’s grants in aid had increased while GST compensation had been completely paid. So do they acknowledge that what was received was not part of Finance Commission’s recommendation?” On the …

GST collections up 12.54% in February 2024
9 months, 3 weeks ago

GST collections up 12.54% in February 2024

The Hindu  

India’s gross revenues from the Goods and Services Tax grew at a three-month high pace of 12.54% in February to cross ₹1.68 lakh crore, marking the fourth-highest monthly collections from the tax. February’s GST revenue growth reflected the third highest uptick in 2023-24 and lifted the total collections so far this year to ₹18.4 lakh crore, 11.7% above the same …

BJP Government Did Not Rectify Injustice Meted out To Karnataka Alleges CM In His Budget
10 months, 1 week ago

BJP Government Did Not Rectify Injustice Meted out To Karnataka Alleges CM In His Budget

Deccan Chronicle  

Bengaluru: Chief Minister Siddaramaiah pointed out that Central Government led by Bharatiya Janata Party had meted out three injustices to States including Karnataka such as “unscientific” implementation of Goods and Services Tax, increase in Cesses and Surcharges and change in allocation of formula in tax devolution and grants-in-aid, adversely affected the financial strength of the State. Siddaramaiah accused the previous …

'Separatist mindset': FM Sitharaman on Karnataka govt's discrimination charge against Centre
10 months, 2 weeks ago

'Separatist mindset': FM Sitharaman on Karnataka govt's discrimination charge against Centre

Hindustan Times  

Finance Minister Nirmala Sitharaman on Wednesday lashed out at the Congress government in Karnataka, accusing it of harbouring a "separatist" mindset and spreading a "false narrative" on the issue of fund allocation by the Centre to states. While giving a point-by-point rebuttal to the claims made by the state government, the finance minister, who was joined by fellow Karnataka MP …

Will stage stir in Delhi against Centre’s injustice on Feb 7: Siddaramaiah
10 months, 2 weeks ago

Will stage stir in Delhi against Centre’s injustice on Feb 7: Siddaramaiah

Hindustan Times  

Chief minister Siddaramaiah announced on Monday that the state government, along with all MPs and MLAs, will protest in New Delhi on Wednesday against the “injustice” by the Centre to the state in tax devolution and grants-in-aid. CM Siddaramaiah and deputy CM DK Shivakumar address a joint press conference on budget “On February 7, all the ministers, MPs and all …

GST revenues rev up to second-highest ever in Jan.
10 months, 3 weeks ago

GST revenues rev up to second-highest ever in Jan.

The Hindu  

India’s Goods and Services Tax regime delivered its second-highest monthly revenues of ₹1,72,129 crore in January, as per data collected by Wednesday evening and shared by the Finance Ministry. In April 2023, GST collections had crossed a record ₹1.87 lakh crore aided by year-end compliances, while October had clocked a tad over ₹1.72 lakh crore which was the second-highest monthly …

Average monthly GST mop-up at ₹1.66 lakh crore so far this fiscal: Finance Minister Nirmala Sitharaman
1 year ago

Average monthly GST mop-up at ₹1.66 lakh crore so far this fiscal: Finance Minister Nirmala Sitharaman

The Hindu  

The Goods and Services Tax collection has been showing an upward trend on an annual basis since its roll-out on July 1, 2017, and the average gross monthly mop-up in the current fiscal so far is ₹1.66 lakh crore, Finance Minister Nirmala Sitharaman said on December 4. The average gross monthly GST collection in FY 2023-24 now stands at ₹1.66 …

GST revenues register three-month high in July
1 year, 4 months ago

GST revenues register three-month high in July

The Hindu  

India’s gross revenues from the Goods and Services Tax hit a three-month high to cross ₹1.65 lakh crore in July. Revenues from domestic transactions and services imports grew 15% in July, which marked the fifth occasion that GST revenues have crossed the ₹1.6-lakh-crore mark during a month. Overall GST Compensation Cess levies, which will continue till at least March 2026 …

Centre, states collect ₹1.65 trillion in GST revenue in July
1 year, 4 months ago

Centre, states collect ₹1.65 trillion in GST revenue in July

Live Mint  

New Delhi: Central and state governments collected ₹1.65 trillion in Goods and Services Tax revenue in July, an improvement of 11% from the year-ago period, official data showed on Tuesday. After settlement for inter-state sales, the Centre collected ₹69,558 crore and states collected ₹70,811 crore as their respective shares of GST revenue in July, the finance ministry statement said. While …

Centre devolves ₹3.09 lakh crore to States till July
1 year, 4 months ago

Centre devolves ₹3.09 lakh crore to States till July

The Hindu  

The Centre has devolved over ₹3.09 lakh crore to States till July of the ₹10.21 lakh crore budgeted to be transferred in the current fiscal, Minister of State for Finance Pankaj Chaudhary said on July 25. "Out of ₹10.21 lakh crore estimated to be transferred to States for the FY 2023-24, ₹3,09,521.22 crore has been devolved till July 2023, in …

GST collection, devolution a success story in Northeast: Finance Minister Nirmala Sitharaman
1 year, 5 months ago

GST collection, devolution a success story in Northeast: Finance Minister Nirmala Sitharaman

The Hindu  

The northeastern States have scripted a success story in the collection and devolution of the Goods and Services Tax, Union Minister for Finance and Corporate Affairs Nirmala Sitharaman said, in Guwahati, on July 21. “According to the 2023 RBI report on State finances, the eight northeast States have registered a compounded annual GST hike of 27.5%,” she said. “Assam was …

DC Edit | BSNL, MTNL bailout welcome
1 year, 6 months ago

DC Edit | BSNL, MTNL bailout welcome

Deccan Chronicle  

The Union Cabinet’s decision to approve Rs 89,000-crore bailout package for Bharat Sanchar Nigam Ltd and Mahanagar Telephone Nigam Ltd — two loss-making public sector telecom service providers — is a step in the right direction, given the strategic importance of these entities. Cumulatively, the government spent Rs 3.22 lakh crores for two state-owned units in the last four years …

GST revenue collection for April 2023 reaches an all-time high at Rs 1.87 lakh crore
1 year, 7 months ago

GST revenue collection for April 2023 reaches an all-time high at Rs 1.87 lakh crore

Op India  

In a vindication of the efforts taken by the Modi-led government to revive the Indian economy following the Covid-19 pandemic, the Ministry of Finance released the GST collection report on Monday and stated that the revenue collection for April 2023 was the highest ever at Rs 1.87 lakh crore. “Gross GST collection in April 2023 is all time high, Rs …

Year-end compliances lift GST revenues to record ₹1.87 lakh crore in April
1 year, 7 months ago

Year-end compliances lift GST revenues to record ₹1.87 lakh crore in April

The Hindu  

India’s gross GST revenues hit a record high in April at ₹1,87,035 crore, 12% higher than the same month last year which had clocked the previous highest tax tally of ₹1.67 lakh crore. GST Compensation Cess collections also hit a fresh record of ₹12,025 crore in April, which included about ₹900 crore collected from imports of goods. Central GST collections …

GST collections grow 12.4% to surpass ₹1.49 lakh crore; cess inflows hit a record
1 year, 9 months ago

GST collections grow 12.4% to surpass ₹1.49 lakh crore; cess inflows hit a record

The Hindu  

India’s Goods and Services Tax revenues grew 12.4% in February 2023 to over ₹1.49 lakh crore, with tax receipts from goods imports rising 6% and domestic transactions along with services imports yielding 15% more, compared to a year ago. The ₹1,49,577 crore gross GST kitty collected in February marks the 12th successive month that monthly revenues have been over ₹1.4 …

Centre will clear GST dues of states, TS to get Rs.1835 cr in arrears
1 year, 10 months ago

Centre will clear GST dues of states, TS to get Rs.1835 cr in arrears

Deccan Chronicle  

New Delhi: The GST Council on Saturday said the Centre had decided to clear the pending balance of GST compensation of Rs.16,982 crore for June 2022. The Centre will also clear the admissible final GST Compensation to those states who have provided revenue figures certified by the Accountant General which amounts to `16,524 crore. Briefing media after the 49th meeting …

Centre to pay Rs 689 crore GST dues to AP
1 year, 10 months ago

Centre to pay Rs 689 crore GST dues to AP

Deccan Chronicle  

Vijayawada: Andhra Pradesh finance minister Buggana Rajendranath said the central government has decided to pay GST arrears that were pending to the state till June. He said the Council has agreed to revise the penalties levied for late filing of returns by companies with a business volume of Rs 20 crore as suggested by the state. Rajendranath has attended the …

Harish Rao skips GST Council meeting, Centre clears pending GST compensation for TS
1 year, 10 months ago

Harish Rao skips GST Council meeting, Centre clears pending GST compensation for TS

Deccan Chronicle  

HYDERABAD: The GST Council on Saturday said the Centre had decided to clear the pending balance of GST compensation of Rs 16,982 crore for June 2022. The Centre will also clear the admissible final GST Compensation to those states who have provided revenue figures certified by the Accountant General which amounts to Rs 16,524 crore. In addition, the GST Council …

GST Council clears setting up tribunals, ad valorem cess on pan masala
1 year, 10 months ago

GST Council clears setting up tribunals, ad valorem cess on pan masala

Live Mint  

Goods and Services Tax Council on Saturday decided to set up appellate tribunals to resolve GST disputes, tighten the tax regime of pan masala, gutka and chewing tobacco to check tax evasion and reduce the late fee on annual return filings to small businesses, finance minister Nirmala Sitharaman, who chairs the Council, told reporters after the 49th meeting of the …

GST Council: Pending GST compensation of ₹16,982 cr for June will be cleared
1 year, 10 months ago

GST Council: Pending GST compensation of ₹16,982 cr for June will be cleared

Live Mint  

Union Finance Minister Nirmala Sitharaman on 18 February said that the entire pending GST compensation will be cleared. Apart from this, she also said that the government will clear the entire pending balance of the GST compensation - a total of ₹16,982 crores for June. “We have announced today that the entire due on the pending balance of the GST …

Govt will clear all GST compensation of Rs 16,982 cr today, announces Nirmala Sitharaman
1 year, 10 months ago

Govt will clear all GST compensation of Rs 16,982 cr today, announces Nirmala Sitharaman

India TV News  

Union Finance Minister Nirmala Sitharaman on Saturday said that the government will clear the entire due on the pending balance of the GST compensation of Rs 16,982 crores today itself. "We have announced today that the entire due on the pending balance of the GST compensation will be cleared as of today. In other words, the entire pending balance of …

GST revenue up 15% to nearly ₹1.50 lakh crore
1 year, 11 months ago

GST revenue up 15% to nearly ₹1.50 lakh crore

Hindustan Times  

New Delhi: The Goods and Services Tax revenue in December 2022 recorded a 15.2% year-on-year jump at over ₹1.49 lakh crore — the third highest collection ever, crossing the ₹1.40-lakh crore benchmark for the 10th consecutive month — on robust business activities despite global headwinds. ₹1.5 lakh crore seems to be the new normal even after peak festive sales are …

GST collection in December goes up by 15% to reach almost 1.5 lakh crore
1 year, 11 months ago

GST collection in December goes up by 15% to reach almost 1.5 lakh crore

Op India  

Continuing with the trend of robust GST collection in the country, the gross GST revenue collected during December 2022 reached ₹1,49,507 crore, going up by 15% compared to December 2021. Gross GST collected in November 2022 was ₹145867 crore, which means collection increased by ₹3640 crore or around 2.5% in the month compared to the previous month. In the total …

November GST collection recorded as ₹1.45 lakh crore
2 years ago

November GST collection recorded as ₹1.45 lakh crore

Op India  

On Thursday, 1st December, the Ministry of Finance notified that in the month of November 2022, the gross GST revenue collected is ₹1,45,867 crore. The November GST revenue in India incorporates CGST of ₹25,681 crore, SGST of ₹32,651 crore, and IGST of ₹77,103 crore, of which ₹38,635 crore was levied on imports. Ministry of Finance took to Twitter to inform …

For sixth month in a row, GST revenues cross ₹1.4 lakh crore mark
2 years, 3 months ago

For sixth month in a row, GST revenues cross ₹1.4 lakh crore mark

The Hindu  

India’s gross revenues from the Goods and Services Tax were ₹1,43,612 crore in August, 28% higher than a year ago. This is the sixth successive month when GST revenues have been over the ₹1.4 lakh crore mark, the Finance Ministry said, stressing that GST collections have risen 33% till August this year, compared to the same period of 2021-22, and …

GST Collections in July 2022: All Major States Report Above 15% Growth; Maharashtra, Karnataka Lead
2 years, 4 months ago

GST Collections in July 2022: All Major States Report Above 15% Growth; Maharashtra, Karnataka Lead

News 18  

Even as the GST collections in July at Rs 1,48,995 crore are the second-highest mop-up ever, states that have contributed the most are Maharashtra, Karnataka, Gujarat, Tamil Nadu and Uttar Pradesh. In terms of year-on-year growth, Lakshdweep was the best in July 2022 with a 69 per cent jump in GST collections, while Bihar and Tripura were the worst. M …

GST compensation due to States now totals ₹35,266 crore
2 years, 5 months ago

GST compensation due to States now totals ₹35,266 crore

The Hindu  

Outstanding Goods and Services Tax Compensation dues to States now amount to ₹35,266 crore, the Finance Ministry informed Parliament on Monday. These dues pertain to June 2022, the last month for which States were assured a certain level of revenue in order to switch to the GST regime, and would be paid from GST Compensation Cess collections, whose levy has …

No decision on extending GST compensation
2 years, 5 months ago

No decision on extending GST compensation

Hindustan Times  

States are set to lose the shield of 14% assured annual revenue growth guaranteed under the goods and services tax law from Friday as previously decided, with the GST Council on Wednesday not taking a call on an extension sought by around a dozen states, particularly those ruled by non-NDA parties, worried about a sharp fall in their revenue. Analysts …

GST Council discusses compensation issue ‘informally’
2 years, 5 months ago

GST Council discusses compensation issue ‘informally’

Live Mint  

Chandigarh: The Goods and Services Tax Council is “informally” discussing the demands from several state governments that their indirect tax reform-related revenue losses be compensated beyond June when the current scheme expires, said a person aware of the development. The current scheme of compensation, which ran for five years since the inception of GST in July 2017, expires at the …

The status of GST compensation dues
2 years, 7 months ago

The status of GST compensation dues

The Hindu  

The story so far: At a meeting with Chief Ministers last week, Prime Minister Narendra Modi said that several non-BJP ruled States had failed to cut taxes on fuel products whose prices have surged sharply since March and urged them to do so in the interest of giving relief to the people facing high inflation. Hours after the meeting, to …

April GST kitty goes past ₹1.67 lakh crore
2 years, 7 months ago

April GST kitty goes past ₹1.67 lakh crore

The Hindu  

India’s gross Goods and Services Tax revenues hit a fresh high of ₹1,67,540 crore in April, with revenues from goods imports rising 30% year-on-year and domestic transactions along with services imports rising 17%. ‘Multiple favourable factors’ “While the GST collections in respect of March have always been high, the record collections are due to multiple favourable factors, including the recent …

Group of Ministers to meet on May 2 to discuss GST related to casinos, online gaming
2 years, 7 months ago

Group of Ministers to meet on May 2 to discuss GST related to casinos, online gaming

India Today  

The Group of Ministers set up by the Union Ministry of Finance to look into matters related to GST regime covering casinos, race courses and online gaming will hold a crucial meet on May 2 in Delhi. The other members of the group are Maharashtra Deputy Chief Minister Ajit Pawar, West Bengal Finance Minister Chandrima Bhattacharya, Gujarat Finance Minister Kanubhai …

TS got only Rs 1.6L cr from Centre: Harish
2 years, 8 months ago

TS got only Rs 1.6L cr from Centre: Harish

Deccan Chronicle  

Hyderabad: The Centre has received Rs 3,65,797 crore through taxes from Telangana since the formation of state in 2014-15 to 2020-21. In return, the Centre has released Rs 1,68,647 crore to Telangana state during this period, finance minister T. Harish Rao said on Saturday. Harish Rao said the BJP-government at the Centre owed Rs 7,183 crore from the allocations of …

Govt believes in lowering taxes, says FM Sitharaman amid fuel price hike
2 years, 8 months ago

Govt believes in lowering taxes, says FM Sitharaman amid fuel price hike

Live Mint  

Finance Minister Nirmala Sitharaman on Friday rejected opposition allegations against the government over the rise in fuel prices and said that the ruling alliance believes "in lowering the taxes and bringing less burden on common people," as per news agency ANI report. Additionally, the Finance Minister referred to the Russia-Ukraine conflict and said when former Prime Minister Jawaharlal Nehru's claim …

Extend GST compensation to states for two more years due to COVID pandemic, Ajit Pawar tells Centre
2 years, 10 months ago

Extend GST compensation to states for two more years due to COVID pandemic, Ajit Pawar tells Centre

Firstpost  

Pawar made the comments while interacting with reporters after unfurling the National Flag in Pune on the occasion of 73rd Republic Day Pune: Maharashtra deputy chief minister and state finance minister Ajit Pawar on Wednesday urged the Union Government to extend the period of Goods and Services Tax compensation from Centre to states for two more years in light of …

Centre borrows and releases Rs 75,000 crore to compensate states for GST revenue shortfall
3 years, 5 months ago

Centre borrows and releases Rs 75,000 crore to compensate states for GST revenue shortfall

Firstpost  

Shortfall in GST compensation to states in the current fiscal estimated at Rs 2.59 lakh crore, of which about Rs 1.59 lakh crore would have to be borrowed New Delhi: The government has borrowed and given to the states Rs 75,000 crore to make up for the shortfall in their revenues because of the GST implementation. “The Ministry of Finance …

GST Only On Amount Exceeding 75,000 Collected By RWAs: Madras High Court:
3 years, 5 months ago

GST Only On Amount Exceeding 75,000 Collected By RWAs: Madras High Court:

Live Law  

Overturning a 2019 circular issued by the Ministry of Finance, Department of Revenue, the Madras High Court has held that the Goods and Services Tax applies not on the full amount but to monthly maintenance amount exceeding ₹7,500 only. Entry 77 of the order grants exemption to contributions made to RWA upto an amount of Rs.7,500/- per month per member …

Centre Releases Rs 75,000 Crore to States as GST Compensation
3 years, 5 months ago

Centre Releases Rs 75,000 Crore to States as GST Compensation

News 18  

The government on Thursday said it has released Rs 75,000 crore to the states and Union Territories to compensate them for the shortfall in GST revenue. The GST Council in its meeting on May 28 had decided that the central government would borrow Rs 1.59 lakh crore and release it to the states and UTs with the legislature on a …

Centre Releases Rs 30,000 Crore to States as GST Compensation
3 years, 8 months ago

Centre Releases Rs 30,000 Crore to States as GST Compensation

News 18  

The Centre has released Rs 30,000 crore to the states as GST compensation on March 27, and about Rs 63,000 crore is pending for the current fiscal, the Finance Ministry said on Tuesday. The total amount of GST compensation released so far this fiscal ending March 31 is Rs 70,000 crore. “The Central Government has released GST Compensation of Rs …

Govt releases additional ₹6k cr to states to meet GST compensation shortfall
4 years ago

Govt releases additional ₹6k cr to states to meet GST compensation shortfall

Live Mint  

The Ministry of Finance has released ₹6,000 crore to states in order to meet the Good and Services Tax compensation shortfall. This is the eighth weekly instalment given to states under the special borrowing window setup by the government to meet the estimated shortfall of ₹1.10 lakh. The amount of additional borrowing permission granted to 28 States and the amount …

Top news of the day December 5 2020
4 years ago

Top news of the day December 5 2020

The Hindu  

Covaxin is a two-dose anti-coronavirus vaccine and Haryana Mr. Vij, who had volunteered for its phase-three trial, was given only the first dose, the Union Health Ministry clarified. Coronavirus | WHO warns virus crisis not over as vaccine rollout approaches The word of caution comes as the United States clocked a record number of COVID-19 cases for a second day …

GST compensation shortfall | Jharkhand has accepted option, says Finance Ministry
4 years ago

GST compensation shortfall | Jharkhand has accepted option, says Finance Ministry

The Hindu  

Jharkhand has accepted the alternative offered by the Centre to meet part of the GST compensation shortfall through a special borrowing window, the Finance Ministry said on Saturday. With Jharkhand’s acquiescence to the Centre’s proposed solution, all States and Union territories have now exercised the option to receive part of their GST implementation dues this year. The Centre had offered …

Chhattisgarh accepts Centre’s borrowing proposal for GST shortfall; Jharkhand lone state to keep out
4 years ago

Chhattisgarh accepts Centre’s borrowing proposal for GST shortfall; Jharkhand lone state to keep out

Firstpost  

Centre had given the option to states and UTs to get the amount of GST shortfall through a special borrowing window New Delhi: Chattisgarh has accepted the Centre’s borrowing proposal and will get Rs 3,109 crore through the special window to meet the goods and services revenue shortfall. The states and union territories that choose option-1 are getting the amount …

Delhi High Court Seeks Response From CBIC On Airtel's Plea For Refund Of Excess GST Worth Rs. 923 Crores
4 years ago

Delhi High Court Seeks Response From CBIC On Airtel's Plea For Refund Of Excess GST Worth Rs. 923 Crores

Live Law  

The Delhi High Court on Wednesday sought a reply from the Central Board of Indirect Taxes and Customs on Bharti Airtel's plea claiming non-implementation of the Delhi High Court's order allowing rectification of excess GST worth Rs.923 crores paid by it for the period between July-September 2017. Citing 'great financial strain' telecom major Bharti Airtel moved the Court seeking implementation …

GST dues to States could touch ₹7 lakh crore by 2022: 15th Finance Commission
4 years, 1 month ago

GST dues to States could touch ₹7 lakh crore by 2022: 15th Finance Commission

The Hindu  

The gap between GST cess collections and the revenue shortfall faced by States for implementing the Goods and Services Tax could snowball to anywhere between ₹5 lakh crore to ₹7 lakh crore by June 2022 from the ₹2.35 lakh crore estimated for this year, the Fifteenth Finance Commission is learnt to have projected in its report. GST concerns Unless there …

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