Tax Shortfall
- All
- News
- Videos
-
21 States Choose Centre's "Borrow" Option As Way Out Of GST Dues Row
Twenty-one states have given their borrowing option proposed by the goods and services tax council to meet shortfall in compensation from the centre amid the coronavirus pandemic, sources have said. These 21 states went with "option 1", which allows them to borrow the tax collection shortfall due to the switch to the GST, estimated at Rs 97,000 cro...
-
13 States Opt For Centre's "Borrow" Plan Amid GST Compensation Row
Thirteen states have given their borrowing options proposed by the goods and services tax council to meet shortfall in compensation from the centre amid the coronavirus pandemic, sources in the Finance Ministry have said. Six more states - Goa, Assam, Arunachal Pradesh, Nagaland, Mizoram and Himachal Pradesh - will give their option in a day or two...
-
Will Pay GST Arrears Despite Losses Due To "Act Of God": Centre To States
The centre in a letter to the states has promised it would clear their goods and services tax (GST) dues despite the massive shortfall in GST cess collection amid the coronavirus pandemic, a situation that has been described as "an act of God" by Finance Minister Nirmala Sitharaman. The government in the letter said it wants to stay clear of "avoid...
-
Centre's Options On GST Shortfall "Unacceptable": Kerala Finance Minister
The Kerala government on Thursday termed as "unacceptable" the two options placed before the GST Council by the Centre for borrowing by states to meet the shortfall in tax revenues.
-
Covid "Act Of God", We May See Economy Contract: Nirmala Sitharaman
The coronavirus pandemic has hurt goods and services (GST) collection and the shortfall is Rs 2.35 lakh crore for fiscal 2021, the government said on Thursday. Finance Minister Nirmala Sitharaman, after a meeting of the decision-making body for fixing GST policies, said the coronavirus pandemic was "an act of God" and an unforeseen factor that affe...
-
Punjab Suffers 88% Fall In Revenue In April: Amarinder Singh
Pegging the April revenue shortfall for Punjab at 88 per cent, Chief Minister Amarinder Singh on Wednesday said with all tax revenues dried up and only 1.5 per cent of the industry currently operational, the state was facing a difficult financial situation.
-
"3 Things To Speak ...": P Chidambaram's Advice To PM Before Delhi Polls
With the Budget only three days away, former Finance Minister P Chidambaram hit out at Prime Minister Modi and his government this morning over the state of the economy, highlighting shortfall in tax revenues and a sharp increase in retail inflation
-
Budget 2020: Room For Income Tax Relief Limited As Centre Faces Tax Shortfall, Says Report
Tax collections in the current fiscal may fall short of targets by as much as Rs 2 lakh crore on faltering economy, leaving a very little room for Finance Minister Nirmala Sitharaman for offering any meaningful reduction in personal income tax rates.
-
Congress Raises GST Compensation Issue In Rajya Sabha
The Congress, in Rajya Sabha today, raised the issue of the Centre delaying payment of compensation to states for revenue shortfall in the Goods and Services Tax (GST) since August, saying this might lead to stoppage of development work and payments to employees.
-
Taxmen Running Amok To Meet India's Revenue Shortfall: Rahul Gandhi
Congress leader Rahul Gandhi on Monday took a dig at the Modi government over the issue of entrepreneurs facing tax terrorism, saying that the attempt was being made to meet India's revenue shortfall.
-
New GST Return Filing System To Simplify Process: Sushil Modi
The new Goods and Services Tax return filing system will enable traders to file returns in a single format once a month instead of multiple formats, Bihar deputy chief minister Sushil Modi, who heads the Group of Ministers (GoM) to look into revenue shortfall after the GST roll-out said on Saturday.
-
Karnataka Wants Goods and Services Tax Compensation Extended Beyond 2022
Karnataka on Saturday sought extension of the Compensation Act beyond 2022 to bridge the revenue gap likely to arise out of a shortfall in the collection of the Goods and Services Tax (GST).
-
As Empty ATMs Reported, RBI Says Shortage Due To Logistical Reasons: 10 Points
In response to reports that ATMs in several states are running dry, Finance Minister Arun Jaitley today conceded a "temporary shortage in some areas" and said it was being "tackled quickly". The Reserve Bank of India said the shortage may be felt in some pockets due to logistical issues and clarified that there is sufficient cash in RBI vaults. Com...
-
'Rs 36,000 Crore Is States' Revenue Deficit Post GST Implementation'
There has been a shortfall of Rs 36,000 crore in projected revenues in the first four months post Goods and Services Tax (GST) implementation, West Bengal Finance Minister Amit Mitra said.
-
SBI Savings Account: Minimum Balance Rules You Need To Know
Customers holding SBI savings bank accounts in metro, urban, semi-urban and rural branches need to pay different penalty amounts for non-maintenance of monthly average balance.
-
21 States Choose Centre's "Borrow" Option As Way Out Of GST Dues Row
Twenty-one states have given their borrowing option proposed by the goods and services tax council to meet shortfall in compensation from the centre amid the coronavirus pandemic, sources have said. These 21 states went with "option 1", which allows them to borrow the tax collection shortfall due to the switch to the GST, estimated at Rs 97,000 cro...
-
13 States Opt For Centre's "Borrow" Plan Amid GST Compensation Row
Thirteen states have given their borrowing options proposed by the goods and services tax council to meet shortfall in compensation from the centre amid the coronavirus pandemic, sources in the Finance Ministry have said. Six more states - Goa, Assam, Arunachal Pradesh, Nagaland, Mizoram and Himachal Pradesh - will give their option in a day or two...
-
Will Pay GST Arrears Despite Losses Due To "Act Of God": Centre To States
The centre in a letter to the states has promised it would clear their goods and services tax (GST) dues despite the massive shortfall in GST cess collection amid the coronavirus pandemic, a situation that has been described as "an act of God" by Finance Minister Nirmala Sitharaman. The government in the letter said it wants to stay clear of "avoid...
-
Centre's Options On GST Shortfall "Unacceptable": Kerala Finance Minister
The Kerala government on Thursday termed as "unacceptable" the two options placed before the GST Council by the Centre for borrowing by states to meet the shortfall in tax revenues.
-
Covid "Act Of God", We May See Economy Contract: Nirmala Sitharaman
The coronavirus pandemic has hurt goods and services (GST) collection and the shortfall is Rs 2.35 lakh crore for fiscal 2021, the government said on Thursday. Finance Minister Nirmala Sitharaman, after a meeting of the decision-making body for fixing GST policies, said the coronavirus pandemic was "an act of God" and an unforeseen factor that affe...
-
Punjab Suffers 88% Fall In Revenue In April: Amarinder Singh
Pegging the April revenue shortfall for Punjab at 88 per cent, Chief Minister Amarinder Singh on Wednesday said with all tax revenues dried up and only 1.5 per cent of the industry currently operational, the state was facing a difficult financial situation.
-
"3 Things To Speak ...": P Chidambaram's Advice To PM Before Delhi Polls
With the Budget only three days away, former Finance Minister P Chidambaram hit out at Prime Minister Modi and his government this morning over the state of the economy, highlighting shortfall in tax revenues and a sharp increase in retail inflation
-
Budget 2020: Room For Income Tax Relief Limited As Centre Faces Tax Shortfall, Says Report
Tax collections in the current fiscal may fall short of targets by as much as Rs 2 lakh crore on faltering economy, leaving a very little room for Finance Minister Nirmala Sitharaman for offering any meaningful reduction in personal income tax rates.
-
Congress Raises GST Compensation Issue In Rajya Sabha
The Congress, in Rajya Sabha today, raised the issue of the Centre delaying payment of compensation to states for revenue shortfall in the Goods and Services Tax (GST) since August, saying this might lead to stoppage of development work and payments to employees.
-
Taxmen Running Amok To Meet India's Revenue Shortfall: Rahul Gandhi
Congress leader Rahul Gandhi on Monday took a dig at the Modi government over the issue of entrepreneurs facing tax terrorism, saying that the attempt was being made to meet India's revenue shortfall.
-
New GST Return Filing System To Simplify Process: Sushil Modi
The new Goods and Services Tax return filing system will enable traders to file returns in a single format once a month instead of multiple formats, Bihar deputy chief minister Sushil Modi, who heads the Group of Ministers (GoM) to look into revenue shortfall after the GST roll-out said on Saturday.
-
Karnataka Wants Goods and Services Tax Compensation Extended Beyond 2022
Karnataka on Saturday sought extension of the Compensation Act beyond 2022 to bridge the revenue gap likely to arise out of a shortfall in the collection of the Goods and Services Tax (GST).
-
As Empty ATMs Reported, RBI Says Shortage Due To Logistical Reasons: 10 Points
In response to reports that ATMs in several states are running dry, Finance Minister Arun Jaitley today conceded a "temporary shortage in some areas" and said it was being "tackled quickly". The Reserve Bank of India said the shortage may be felt in some pockets due to logistical issues and clarified that there is sufficient cash in RBI vaults. Com...
-
'Rs 36,000 Crore Is States' Revenue Deficit Post GST Implementation'
There has been a shortfall of Rs 36,000 crore in projected revenues in the first four months post Goods and Services Tax (GST) implementation, West Bengal Finance Minister Amit Mitra said.
-
SBI Savings Account: Minimum Balance Rules You Need To Know
Customers holding SBI savings bank accounts in metro, urban, semi-urban and rural branches need to pay different penalty amounts for non-maintenance of monthly average balance.
