GST

GST collections may cross Rs 1 lakh-crore mark for the first time in 8 monthsIndia

GST collections may cross Rs 1 lakh-crore mark for the first time in 8 months

<p>Goods and Services Tax (GST) collections, a barometer of economic health, are expected to exceed Rs 1 lakh crore in October for the first time in eight months since the coronavirus disease (Covid-19) pandemic gripped India and forced a national lockdown, according to two officials with direct knowledge of the situation. Available data show that […]</p>

By Palak Vaghela
Finance Ministry allows 20 States to raise over Rs 68,000 Cr through open market borrowingsIndia

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

<p>PicThe Department of Expenditure in the Ministry of Finance yesterday granted permission to 20 States to raise an additional amount of 68 thousand 8 hundred 25 crore rupees through open market borrowings. The Ministry of Finance said, additional borrowing permission has been granted at 0.50 per cent of the Gross State Domestic Product, GSDP to […]</p>

By Palak Vaghela
FM: GST compensation gap of over Rs two lakh crore can be met by states in consultation with RBIIndia

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

<p>States have been given two borrowing options to meet shortfall of GST compensation. After chairing the 41st GST Council meet yesterday, Finance Minister Nirmala Sitaraman said, the two options were placed before states so that each state does not have to struggle for loans. Ms Sitharaman said, this year’s entire GST compensation gap of two […]</p>

By Palak Vaghela
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