scorecardresearch
Wednesday, July 23, 2025
TopicGST

Topic: GST

Modi govt committed to compensate state for 5 years for loss due to GST rollout: Sitharaman

Sitharaman said Rs 37,134 crore and Rs 14,664 crore worth GST compensation is yet to be released to states for 2020-21 and 2021-22 fiscal years.

Modi govt releases balance of Rs 44,000 crore to states to compensate for GST shortfall

With the release of Rs 44,000 cr, the total amount released in the current fiscal year as back-to-back loan in-lieu of GST compensation is Rs 1.59 lakh cr, the finance ministry said.

GST law brought a drastic change. But only a digital GSTAT can be the model for tribunals

The GSTAT would be outside the GST authorities' control. It can protect taxpayers’ rights and revenue interests of the govt.

Modi govt could consider higher GST, fewer rates to simplify structure

Currently, GST has four tax slabs: 5%, 12%, 18% and 28%. The two lowest rates could be raised by a percentage point each to 6% & 13%, respectively.

India’s GST collection hits 5-month high in September at Rs 1.17 lakh crore

The tax collections has remained above Rs 1 lakh crore for the third consecutive month. The last highest revenue was recorded in April when collections reached Rs 1.41 lakh crore.

Ministerial panels set up to review tax slabs, GST exempt list, identify evasion sources

The 7-member panel set up by finance ministry would be headed by Karnataka CM Basavaraj Bommai, & include Bengal FM Amit Mitra, Kerala FM Balagopal, Bihar Deputy CM Tarkishore Prasad.

GST Council levies 5% tax on food delivery apps, extends concessional rates on Covid drugs

Finance Minister Nirmala Sitharaman also said the Council decided that it was not the right time to include petroleum products within the GST ambit.

77% Indians want petrol & diesel to come under GST, survey finds

The survey comes ahead of the GST Council meeting Friday, which is likely to discuss bringing petrol, diesel and other petroleum products under the GST ambit.

Govt may consider bringing petrol, diesel under GST

GST Council, which meets Friday in Lucknow, is also likely to consider extending time for duty relief on Covid-19 essentials.

Centre must engage with farmers. Muzaffarnagar mahapanchayat shows farm laws’ politicisation

ThePrint view on the most important issues, instantly.

On Camera

Pakistani accomplices, shootouts, sealed chargesheet—how the 7/11 blasts case fell apart

After 19 years, the Bombay High Court finally held what governments and intelligence services have long known: The men sentenced for their role in the bombings had nothing to do with it.

India-US set to ink mini trade deal soon, reach understanding on agricultural & dairy products

Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.

Indian firm sets up titanium, superalloy plants to meet global need. Safran, Dassault, BAE line up

PTC Industries is investing Rs 1,000 cr in 4 manufacturing plants in UP, has already started supplying titanium parts to BAE Systems for its M-777 howitzers that India also uses.

Strategic partner one day, tactical nightmare the next: India’s learning Trumplomacy the hard way

Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.