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Opinion | Why States, Not Centre, Should Get All The Credit For GST 'Savings'
Amidst all the hoopla, it is the State governments that truly deserve recognition for coming together for the GST revision. Because the States are the ones bearing the brunt of massive revenue losses.
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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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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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GST Revamp: How Opposition-Ruled States Came On Board
The rationalisation of Goods and Services tax, done eight years after the flagship reforms were initiated, took place after a clear directive from Prime Minister Narendra Modi delivered from the ramparts of the Red Fort on Independence Day.
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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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Centre, States Equal Stakeholder In GST, Revenues Shared Equally: Report
Amid news regarding the impact of the 'Next Gen GST', government sources clarified that the Centre is an equal partner in revenue sharing with the states and that its proposal anticipates a revenue boost over time, driven by increased consumption.
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Liquor Home Delivery In Kerala? Beverage Body Floats Proposal
The Kerala State Beverages (Marketing & Manufacturing) Corporation Limited (BEVCO) has put forth a proposal to the state government for the home delivery of liquor through online sales.
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"Our Country Deserves Greatness": Trump Defends Steep Tariffs Move
US President Donald Trump on Friday warned of a '1929-style Great Depression' if the court rules against tariffs. The US Court of Appeals for the Federal Circuit, is set to pass judgment on Trump's tariffs.
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US Takes In $87 Billion From Tariffs In First Half Of 2025
The United States took in more revenue from tariffs in the first six months of 2025 than it did in all of 2024, according to data from the US Treasury.
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Maharashtra Government To Cancel Fake Birth Certificates Of Bangladeshi Migrants
The Maharashtra government will cancel the fake birth certificates issued to Bangladeshi nationals living illegally in the state by August 15, Revenue Minister Chandrashekhar Bawankule said on Wednesday.
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Mahindra Posts 24 Pc Hike In Net Q1 Profit, Total Income At Rs 45,529 Cr
The company stated that auto and farm businesses continue to deliver on growth and margins with profits up by 20 per cent.
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'Name: Dog Babu, Father: Kutta Babu': A Residence Certificate In Bihar
In yet another vindication of social media wisdom that Bihar is "not for beginners", a cute, smiling Golden Retriever with an unimaginative name, Dog Babu, managed to get a residence certificate during the ongoing voter review in the poll-bound state
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How Much Cheaper Will Whiskey Be After India-UK Free Trade Deal: 10 Points
The India-UK Free Trade Agreement (FTA) will lead to a reduction in prices of scotch whiskey, but not to such an extent that it would reshape the market. The price cuts are highly dependent on the pricing mechanism of every state.
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Central Funds, Water: Non-BJP Chief Ministers' Demands At Meet Led By PM
The Niti Aayog meeting on Saturday, in which the Prime Minister urged all states to work together towards the goal of a developed India, also saw some opposition chief ministers raise issues affecting their states, with their main grievances boiling
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Opinion | Why States, Not Centre, Should Get All The Credit For GST 'Savings'
Amidst all the hoopla, it is the State governments that truly deserve recognition for coming together for the GST revision. Because the States are the ones bearing the brunt of massive revenue losses.
-
'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.
-
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.
-
GST Revamp: How Opposition-Ruled States Came On Board
The rationalisation of Goods and Services tax, done eight years after the flagship reforms were initiated, took place after a clear directive from Prime Minister Narendra Modi delivered from the ramparts of the Red Fort on Independence Day.
-
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.
-
Centre, States Equal Stakeholder In GST, Revenues Shared Equally: Report
Amid news regarding the impact of the 'Next Gen GST', government sources clarified that the Centre is an equal partner in revenue sharing with the states and that its proposal anticipates a revenue boost over time, driven by increased consumption.
-
Liquor Home Delivery In Kerala? Beverage Body Floats Proposal
The Kerala State Beverages (Marketing & Manufacturing) Corporation Limited (BEVCO) has put forth a proposal to the state government for the home delivery of liquor through online sales.
-
"Our Country Deserves Greatness": Trump Defends Steep Tariffs Move
US President Donald Trump on Friday warned of a '1929-style Great Depression' if the court rules against tariffs. The US Court of Appeals for the Federal Circuit, is set to pass judgment on Trump's tariffs.
-
US Takes In $87 Billion From Tariffs In First Half Of 2025
The United States took in more revenue from tariffs in the first six months of 2025 than it did in all of 2024, according to data from the US Treasury.
-
Maharashtra Government To Cancel Fake Birth Certificates Of Bangladeshi Migrants
The Maharashtra government will cancel the fake birth certificates issued to Bangladeshi nationals living illegally in the state by August 15, Revenue Minister Chandrashekhar Bawankule said on Wednesday.
-
Mahindra Posts 24 Pc Hike In Net Q1 Profit, Total Income At Rs 45,529 Cr
The company stated that auto and farm businesses continue to deliver on growth and margins with profits up by 20 per cent.
-
'Name: Dog Babu, Father: Kutta Babu': A Residence Certificate In Bihar
In yet another vindication of social media wisdom that Bihar is "not for beginners", a cute, smiling Golden Retriever with an unimaginative name, Dog Babu, managed to get a residence certificate during the ongoing voter review in the poll-bound state
-
How Much Cheaper Will Whiskey Be After India-UK Free Trade Deal: 10 Points
The India-UK Free Trade Agreement (FTA) will lead to a reduction in prices of scotch whiskey, but not to such an extent that it would reshape the market. The price cuts are highly dependent on the pricing mechanism of every state.
-
Central Funds, Water: Non-BJP Chief Ministers' Demands At Meet Led By PM
The Niti Aayog meeting on Saturday, in which the Prime Minister urged all states to work together towards the goal of a developed India, also saw some opposition chief ministers raise issues affecting their states, with their main grievances boiling
