Revenue Loss
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'States Likely To Lose Rs 1.5 Lakh Crore Due To GST 2.0': Karnataka Minister To NDTV
Karnataka Revenue Minister Krishna Byre Gowda said that while he supports the new GST structure that came into effect on Monday, it is likely to cause a revenue loss of at least 1 to 1.5 lakh crores to states.
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"Not Sitting With Huge Suitcase...": N Sitharaman On GST Compensation Demands
Responding to complaints from states that they will not be compensated for losses in revenue, if any, from the GST reforms, Nirmala Sitharaman has said the decision was taken by consensus in the GST council.
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'Rate Cuts Will Boost Consumption': Tax Board Chief On GST 2.0's Revenue Impact
Higher consumption driven by GST rate cuts may contribute to offsetting the government's revenue loss, provided the industry passes on the benefit to consumers, the Central Board of Indirect Taxes and Customs has told NDTV.
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GST Reforms To Cause Rs 3,700 Crore Revenue Loss To Government: SBI Report
The State Bank of India (SBI), in its latest research report, said that reforms in GST through a reduction in rates will cause a minimal revenue loss of Rs 3,700 crore.
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"States Need To Be Compensated For Revenue Losses": P Chidambaram On GST Move
P Chidambaram -- Congress's former Union Minister who handled the finance portfolio -- said today that while the rationalisation of the Goods and Services Tax law is welcome, it is eight years too late.
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Tax Cuts, Sales Boost: Everything You Need To Know About New GST Rates
Finance Minister Nirmala Sitharaman unveiled tax cuts for hundreds of consumer items, from soap to cars, in the biggest overhaul of the goods and services tax (GST), set to take effect from September 22.
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GST Implication To Be Rs 48,000 Crore, Not Right To Call It Loss: Official
The government's big move to rationalise the Goods and services Tax may not lead to a loss, Revenue Secretary Arvind Shrivastava told reporters this evening as the new, simplified tax slabs were announced.
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Opposition States Seek Compensation For Revenue Loss Due To GST Reform Proposal
Opposition-ruled states on Friday said the Centre's proposal for GST rate reforms could result in a revenue loss of about Rs 1.5 crore to Rs 2 lakh crore and demanded compensation for the losses incurred by them.
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Highway Toll Operators To Get 3 Months' Compensation For Loss Due To FASTag Annual Pass
Highway toll plaza operators will get compensation from NHAI for three months for difference in user fee collections due to introduction of FASTag annual pass for private non-commercial vehicles beginning August 15.
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Lower GST On ICE Vehicles Could Stall EV Momentum: HSBC Report
Proposed GST cuts on petrol and diesel vehicles could reduce EVs price advantage, slowing adoption while causing major revenue losses for the government - HSBC.
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Trump Injects New Dose Of Uncertainty In Tariffs As He Pushes Start Date To August 7
When Trump signed the order Thursday night imposing new tariffs, the start date of the punishing import taxes was pushed back seven days.
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With Asia Cup In Jeopardy, Pakistan Cricket Board Staring At Whopping Loss Of Rs...
The PCB's total budget for the fiscal year is around PKR 18.8 billion.
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No-Tax-On-Overtime Proposal By Donald Trump: What You Need To Know
Donald Trump's proposal to eliminate federal taxes on overtime pay, tips, and Social Security benefits aims to boost economic growth and increase take-home pay, but raises concerns about revenue loss and potential manipulation.
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Himachal Invokes Kyoto Protocol To Demand GST Compensation From Centre
The Himachal Pradesh government on Saturday urged the Centre to make some arrangement for hilly states in lieu of the revenue loss due to GST implementation and sought compensation on the pattern of the Kyoto protocol.
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Ola Electric's Q2 Loss Narrows, Says Most Service Issues 'Minor'
Ola Electric on Friday reported a narrower loss for the second quarter, attributing this to a significant increase in sales. The company also claimed that the recent rise in service requests primarily concerned "minor issues." Between July and September, Ola Electric delivered a total of 98,619 two-wheelers, marking a 73.6 percent increase from the...
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'States Likely To Lose Rs 1.5 Lakh Crore Due To GST 2.0': Karnataka Minister To NDTV
Karnataka Revenue Minister Krishna Byre Gowda said that while he supports the new GST structure that came into effect on Monday, it is likely to cause a revenue loss of at least 1 to 1.5 lakh crores to states.
-
"Not Sitting With Huge Suitcase...": N Sitharaman On GST Compensation Demands
Responding to complaints from states that they will not be compensated for losses in revenue, if any, from the GST reforms, Nirmala Sitharaman has said the decision was taken by consensus in the GST council.
-
'Rate Cuts Will Boost Consumption': Tax Board Chief On GST 2.0's Revenue Impact
Higher consumption driven by GST rate cuts may contribute to offsetting the government's revenue loss, provided the industry passes on the benefit to consumers, the Central Board of Indirect Taxes and Customs has told NDTV.
-
GST Reforms To Cause Rs 3,700 Crore Revenue Loss To Government: SBI Report
The State Bank of India (SBI), in its latest research report, said that reforms in GST through a reduction in rates will cause a minimal revenue loss of Rs 3,700 crore.
-
"States Need To Be Compensated For Revenue Losses": P Chidambaram On GST Move
P Chidambaram -- Congress's former Union Minister who handled the finance portfolio -- said today that while the rationalisation of the Goods and Services Tax law is welcome, it is eight years too late.
-
Tax Cuts, Sales Boost: Everything You Need To Know About New GST Rates
Finance Minister Nirmala Sitharaman unveiled tax cuts for hundreds of consumer items, from soap to cars, in the biggest overhaul of the goods and services tax (GST), set to take effect from September 22.
-
GST Implication To Be Rs 48,000 Crore, Not Right To Call It Loss: Official
The government's big move to rationalise the Goods and services Tax may not lead to a loss, Revenue Secretary Arvind Shrivastava told reporters this evening as the new, simplified tax slabs were announced.
-
Opposition States Seek Compensation For Revenue Loss Due To GST Reform Proposal
Opposition-ruled states on Friday said the Centre's proposal for GST rate reforms could result in a revenue loss of about Rs 1.5 crore to Rs 2 lakh crore and demanded compensation for the losses incurred by them.
-
Highway Toll Operators To Get 3 Months' Compensation For Loss Due To FASTag Annual Pass
Highway toll plaza operators will get compensation from NHAI for three months for difference in user fee collections due to introduction of FASTag annual pass for private non-commercial vehicles beginning August 15.
-
Lower GST On ICE Vehicles Could Stall EV Momentum: HSBC Report
Proposed GST cuts on petrol and diesel vehicles could reduce EVs price advantage, slowing adoption while causing major revenue losses for the government - HSBC.
-
Trump Injects New Dose Of Uncertainty In Tariffs As He Pushes Start Date To August 7
When Trump signed the order Thursday night imposing new tariffs, the start date of the punishing import taxes was pushed back seven days.
-
With Asia Cup In Jeopardy, Pakistan Cricket Board Staring At Whopping Loss Of Rs...
The PCB's total budget for the fiscal year is around PKR 18.8 billion.
-
No-Tax-On-Overtime Proposal By Donald Trump: What You Need To Know
Donald Trump's proposal to eliminate federal taxes on overtime pay, tips, and Social Security benefits aims to boost economic growth and increase take-home pay, but raises concerns about revenue loss and potential manipulation.
-
Himachal Invokes Kyoto Protocol To Demand GST Compensation From Centre
The Himachal Pradesh government on Saturday urged the Centre to make some arrangement for hilly states in lieu of the revenue loss due to GST implementation and sought compensation on the pattern of the Kyoto protocol.
-
Ola Electric's Q2 Loss Narrows, Says Most Service Issues 'Minor'
Ola Electric on Friday reported a narrower loss for the second quarter, attributing this to a significant increase in sales. The company also claimed that the recent rise in service requests primarily concerned "minor issues." Between July and September, Ola Electric delivered a total of 98,619 two-wheelers, marking a 73.6 percent increase from the...
