Search For "revenue shortfall"
Centre appears to leave no stone unturned to artificially precipitate a fi
Updated : 1 week, 3 days ago IST
Speaking in the assembly while presenting the interim budget, Thennarasu said that in a federal polity, States have often been treated unfairly, but the scale of challenges Tamil Nadu faces in the current financial year is unprecedented.
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Higher dividend by RBI is likely to offset revenue loss due to GST rationa
Updated : 4 months, 3 weeks ago IST
The net revenue shortfall arising from the recent Goods and Services Tax (GST) rationalisation, estimated at around 0.1 per cent of GDP for the current fiscal, is expected to be offset by the higher dividend transfer from the Reserve Bank of India (RBI), noted a report by CareEdge Ratings.
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IMF raises concerns over Pakistan's missed tax goals, delayed legal settle
Updated : 5 months, 3 weeks ago IST
The International Monetary Fund (IMF) expressed serious concerns over Pakistan's failure to meet tax collection targets and the ongoing delay in resolving tax-related court cases amounting to over PKR 170 billion, currently pending before the Constitutional Bench of the Supreme Court, The Ex
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GST rate rationalisation to cause Rs 10,664-crore shortfall in IGST receip
Updated : 5 months, 3 weeks ago IST
The central government is expected to face a revenue shortfall of Rs 10,664 crore in Integrated Goods and Services Tax (IGST) receipts due to the recent GST rate rationalization, according to an analysis report by the Global Trade Research Initiative (GTRI).
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Pakistan faces PKR 385 billion revenue deficit for July-December period
Updated : 1 year, 2 months ago IST
Pakistan is facing a revenue shortfall of PKR 385 billion for the period between July and December 2024, ARY News reported on Wednesday, citing sources.
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Government extends GST compensation cess levy till March 2026
Updated : 3 years, 9 months ago IST
New Delhi [India], June 25 (ANI): The Union Finance Ministry has notified the goods and services tax (GST) compensation cess extension till March 2026.
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Centre releases Rs 96,576 crore to states as GST compensation
Updated : 4 years ago IST
New Delhi [India], March 25 (ANI): The Union Finance Ministry has released Rs 96,576 crore to states and Union Territories (UTs) so far this year to meet the revenue shortfall on account of the implementation of Goods and Services Tax (GST).
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All states choose Option-1 to meet GST implementation shortfall
Updated : 5 years, 3 months ago IST
New Delhi [India], December 5 (ANI): All the 28 states and three Union Territories (UT) with legislature have decided to go for Option-1 to meet the revenue shortfall arising out of the Goods and Services Tax (GST) implementation, stated an official statement by the Ministry of Finance.
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All states, except Jharkhand, 3 UTs choose option-1 to meet GST revenue sh
Updated : 5 years, 3 months ago IST
New Delhi [India], December 3 (ANI): The central government on Thursday said that all states except Jharkhand and three union territories with legislative assemblies have chosen option-1 to meet the revenue shortfall arising out of GST implementation.
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Two more states, Kerala and West Bengal choose Option-1 to meet GST implem
Updated : 5 years, 4 months ago IST
New Delhi [India], November 25 (ANI): Governments of Kerala and West Bengal have communicated their acceptance of Option-1 to meet the revenue shortfall arising out of GST implementation. The number of States which have chosen this option has gone up to 25.
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TMC will stage protest in WB against Centre: Partha Chatterjee
Updated : 5 years, 6 months ago IST
Kolkata (West Bengal) [India], September 2 (ANI): All India Trinamool Congress (TMC) will stage a protest across West Bengal on September 8, 14, and 20 over the "Centre's failure to pay Goods and Services Tax (GST) dues to states citing revenue shortfall."
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GST issue: Mamata Banerjee writes to PM Modi for intervention
Updated : 5 years, 6 months ago IST
Kolkata (West Bengal) [India], September 2 (ANI): West Bengal Chief Minister Mamata Banerjee on Wednesday wrote a letter to the Prime Minister Narendra Modi on Centre's failure to pay Goods and Services Tax (GST) dues to states citing revenue shortfall, and urged him to "intervene" on the ma
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