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Finance Ministry allows 20 States to raise over Rs 68,000 Cr through open market borrowings

14 Oct 2020 5:42 AM GMT
PicThe Department of Expenditure in the Ministry of Finance yesterday granted permission to 20 States to raise an additional amount of 68 thousand 8...

FM: GST compensation gap of over Rs two lakh crore can be met by states in consultation with RBI

28 Aug 2020 5:41 AM GMT
States have been given two borrowing options to meet shortfall of GST compensation. After chairing the 41st GST Council meet yesterday, Finance...

GST collection crosses Rs one lakh crore mark in February

2 March 2020 3:25 AM GMT
Government has collected over one lakh five thousand crore rupees as Goods and Services Tax in February this year which is eight percent more than the...

GST revenue collection increased by 16% in December 2019, crosses one lakh crore rupee mark

2 Jan 2020 2:54 AM GMT
The GST revenue collection has crossed one lakh crore rupees in December last year, which is a growth of 16% over the revenue collected in the same...

Number of active GST taxpayers crosses upto 1 crore

24 Dec 2019 3:09 AM GMT
A range of measures to go after tax defaulters and simplifying the GST filing process was discussed by the Group of Ministers headed by Bihar Deputy...

GST Council fixes 28% tax rate on lottery

19 Dec 2019 2:38 AM GMT
The Goods and Services Tax, GST Council approved to increase the rate for lotteries. A single GST rate of 28% will be imposed on state-run and private...

Centre releases Rs 35,298 crore GST compensation

17 Dec 2019 3:58 AM GMT
Centre releases Rs 35,298 crore as GST compensation to states. The move came two days ahead of the GST Council meeting scheduled for Wednesday. The...