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According to sources in the finance department, the GST collection was not expected to be so high and hence it had asked the Centre for a compensation of Rs 6500 crore.

Metros

Tax collection hikes after GST rollout

The estimate is based on the belief that there will be tax buoyancy on implementation of the new tax structure.

2 Nov 2017 5:26 AM IST

Additionally, the hasty implementation of GST has again hit the economy hard, resulting in a serious economic slowdown.

Metros

GST collection dips, state wants compensation from Centre's kitty

The official also claimed that overall GST collection was good as compared with VAT the previous year.

13 Jan 2018 3:23 AM IST

The Goods and Services Council reduced the previous 12% GST on these products to the present 0%.

Entertainment

No tax on bleeding

The transition of sanitary napkins from being taxed as a luxury item to one of basic necessity is still just the first...

24 July 2018 12:08 AM IST

The rupee finally settled at 69.89 on Tuesday, showing a modest gain of 4 paise over the previous close. (Representational image)

Business

Exporters cheer dip in rupee

The dip should help traditional goods of India where the import competent is less except gems and jewellery segment.

15 Aug 2018 4:56 AM IST

The data follows a similar downtrend seen in the manufacturing sector, which also contracted in July following the implementation of GST.

Business

GST blues hit services sector, falls to 4-year low

Confidence for the year though remains strong: Study.

4 Aug 2017 3:41 AM IST

Entertainment

Shatrughan Sinha sceptical that people understand GST

Forget about digitisation, a majority of Indians don't even own a PAN card, says Shatrughan.

17 July 2017 12:30 AM IST

Chief Economic Adviser Arvind Subramanian

Business

Migration to GST massive administrative challenge: CEA

Chief economic adviser Arvind Subramanian believed transition will also require lots of paper works.

30 March 2017 2:20 PM IST

External Affairs Minister Sushma Swaraj, who piloted the strategy, and Harish Salve, who effectively argued the matter deserve special mention, Jaitley said. (Photo: ANI/Twitter)

Business

GST Council to decide tax rates for services, gold today

Some states seek a 4 per cent tax on gold which does not form part of four-tier tax structure of GST.

19 May 2017 11:51 AM IST

Union Minister for Finance and Corporate Affairs Arun Jaitley at GST Council Meeting, at Vigyan Bhawan in New Delhi. (Photo: PTI)

Business

GST: 'One Nation One Tax' regime closer to July roll-out

All key GST legislations have already got approval from both Lok Sabha and Rajya Sabha.

7 April 2017 11:48 AM IST

Delhi Chief Minister Arvind Kejriwal (Photo: PTI)

Metros

Delhi Assembly passes GST Bill, resolves to lower tax slabs

The Parliament had on April 6 passed four legislations to pave the way for nationwide rollout of the GST from July 1.

1 Jun 2017 2:08 AM IST

Business

GST Council must work on single rate tax: Ahluwalia

Former deputy chairman of now disbanded plan panel says a 5-tier GST is not an ideal taxation regime.

18 Feb 2017 2:42 PM IST

$Regarding the new GST timeline of July 1, the report said \this is in line with our base case that the GST would be implemented between April and September 2017\.$ Business

GST: What will be costlier and what will be cheaper?

In long term, GST regime will leave a positive impact on most of sectors in Indian economy.

5 April 2017 12:24 PM IST