End of GST compensation to hit 6 states hard: RBI
The RBI says during the five-year transition period, the top five GST compensation-receiving states were Maharashtra, Karnataka, Gujarat, Tamil Nadu, and Punjab.
goods and service tax
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January 2022
GST collection jumps 15% to ₹1.49 lakh cr in December
The monthly GST revenue collection has crossed the ₹1.4 lakh crore mark for the tenth month in a row.
States' revenue may grow a modest 7-9% this fiscal: CRISIL
The biggest impetus to revenue growth will come from aggregate state GST collections.
No GST on rice, pulses, wheat when sold loose: FM
The decision to tax pre-packaged and labelled food items was taken unanimously by the GST Council, says Nirmala Sitharaman
Revenue shock to hit state capex as GST compensation ends
With stagnated "own tax revenue", states face double whammy as GST compensation on which they continued capex push had ended and Centre's tax collection is set to dip in FY23.
Govt clears entire GST compensation dues of states
The Centre says this decision has been taken despite the fact that only about ₹25,000 crore is available in the GST Compensation Fund.
GST unlikely to boost tax revenue of states: India Ratings
The data available so far does not instil confidence with respect to GST achieving or is on course to achieve its key objectives, says India Ratings & Research.
GST Council recommendations not binding on Centre, states: SC
A bench, headed by Justice DY Chandrachud, held that the parliament and state legislatures have simultaneous powers to legislate on Goods and Service Tax (GST).
March GST revenue at record high of ₹1.42 lakh crore
The gross GST collection in March is all-time high, breaching earlier record of ₹1,40,986 crore collected in the month of January 2022.
SC fines GST officer for 'unnecessary litigation' with assessee
Calling the plea as 'misconceived', the apex court enhanced the fine imposed by the High Court against Telangana state's GST officer.
