Page 2 - Gst Revenues

GST Council meet: States accuse Centre of 'arm-twisting' them to borrow

Even BJP-ruled states like Karnataka suggest central govt should borrow to compensate states

GST compensation period: States likely to push for five-year extension

Set to seek higher borrowing limits as revenues dry up

Revenue and compensation on table at GST Council meeting on Friday

The government has rung up just about Rs 95,000 crore as GST in April and May together, and that is less than half compared with the collection in the corresponding months last year.

Explained in numbers: Covid-19 lockdown impact on states' GST revenues

All the states may see around Rs 5,000 crore of GST collections in 2020-21

States face over Rs 1 trillion revenue gap post GST compensation withdrawal

At the time of implementation of the Goods and Services Tax (GST) on July 1, 2017, the Centre had promised to compensate states for loss of revenue for five years at an agreed formula

Expectations vs reality: SGST is a victim of irrational estimates

Wide variations in growth estimates for state GST raise serious questions about the assumptions on which the projections were made

GST revenue growth promised to states may be trimmed to 10-12% from FY21

The idea was discussed during the presentation given by chairman of the 15th Finance Commission (15th FC) N K Singh, in the previous GST Council meeting

Automobile slowdown has shrunk GST compensation kitty, says Sushil Modi

The fund is used to compensate the states for revenue shortfall suffered due to roll out of the new indirect tax

GST and compensation cess review on cards as collections fall short

If states' GST revenue does not grow by at least 14%, the Centre pays them the difference, after every two months

GST Council to review revenue position amid demand for pending compensation

The compensation requirements have increased significantly and are unlikely to be met from the compensation cess being collected, it said

No plan to cut spending on welfare schemes despite low revenues, says FM

The government has high expenditures on such welfare schemes which are aimed at poorer sections and agriculture

No respite from slowdown pain: GST collection drops to 19-month low in Sept

The GST mop-up in September was 2.67 per cent lower than the collection in the corresponding month last year and 6.4 per cent below the last month's figure

States' GST revenue takes bigger hit than Centre's in April-June

This happened largely because of slowing growth in the economy and the settlement of a higher proportion of IGST towards the Centre than the states in particular

Revenues from GST could cross Rs 1 trillion a month post anti-evasion steps

The estimated collection for 8 months (July-February) of the current financial year is Rs 4.44 trn

UP's tax net shrinks 30% to Rs 8,169 cr in first three months of GST

Tac officials, however, remain hopeful of a turnaround; revision in GST rates to help increase tax collections