revenue shortfall news
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Pushing for its extension, Punjab among top beneficiaries of GST compensation
This amount constitutes approximately 6.9% of the total GST compensation of ₹6.64 lakh crore released by the central government to states during the period. Only four states – Maharashtra, Karnataka, Gujarat, and Tamil Nadu, in that order - received more goods and services tax compensation than Punjab, according to a written reply submitted by the finance ministry in Parliament recently.
Updated on Dec 06, 2024 10:50 PM IST
Navneet Sharma, Chandigarh
Chandigarh’s excise department misses revenue target by ₹36-cr: CAG audit
The CAG report also stated that the department has consistently failed to meet its targets since 2019-20 financial year
Updated on Nov 13, 2024 06:06 AM IST
Hillary Victor, Chandigarh
Chandigarh STA failed to achieve targets in 2021-23: Audit report
According to the report, the Chandigarh administration’s finance department set revenue receipt targets for the STA at ₹64 crore for the financial year 2021-22 and ₹70 crore for 2022-23
Updated on Jun 12, 2024 09:06 AM IST
Hillary Victor, Chandigarh
UT falls ₹800 cr short of projected tax revenue
According to figures from the Comptroller and Auditor General of India (CAG) available with Hindustan Times, up to February 2024, the total revenue achieved was ₹5420 crore out of the budgeted ₹5919 crore
Updated on Apr 01, 2024 08:18 AM IST
Hillary Victor, Chandigarh
At ₹1.87 lakh crore, GST continues to impress
What are the key takeaways from the latest GST collection number? Three things can be listed.
Published on May 02, 2023 07:08 PM IST
HT Editorial
Jharkhand, the only remaining state, accepts Centre’s ₹1.1L cr borrowing option
With this, the 31 members of the GST Council – 28 states and 3 union territories -- have formally accepted the first borrowing option of ₹1.1 lakh crore proposed by the Centre in August
Published on Dec 05, 2020 11:18 AM IST
Hindustan Times, New Delhi | Rajeev Jayaswal
GST compensation may jump 89% in FY-21 at Rs 3.12 lakh crore
States and union territories (UTs) may require a whopping Rs 3.12 lakh crore GST compensation in the current financial year because of a sharp fall in the tax revenue, as the economy has been hit by Covid-19 pandemic and the 68-day nationwide lockdown
Updated on Aug 27, 2020 09:55 AM IST
Hindustan Times, New Delhi | Rajeev Jayaswal
GST Council may discuss market borrowing by states on Thursday
The special GST Council meeting has been convened to discuss how to compensate states for their revenue shortfalls when the economy is facing headwinds
Updated on Aug 26, 2020 05:19 PM IST
Hindustan Times, New Delhi | Rajeev Jayaswal
Lockdown effect: Haryana’s economy to take a hit
Tax officials said the extent of revenue loss will depend on how long the lockdown continues.
Updated on Mar 31, 2020 10:03 PM IST
Hindustan Times, Chandigarh | Hitender Rao, Chandigarh
State finance minister’s job an unenviable one
In this year’s Budget, the Revised Estimate (RE) figure for 2019-20 under this head is Rs 6.6 lakh crore, only 77% of the promise made in the Interim Budget.
Updated on Feb 17, 2020 09:31 AM IST
Hindustan Times, New Delhi | Roshan Kishore
Budget 2020: Focus on growth
Address unemployment, boost demand, push policy reforms
Updated on Jan 15, 2020 07:04 PM IST
GST collection in line with govt target, set to rise further: Piyush Goyal
Finance minister Piyush Goyal on Wednesday said the GST collection figure of ₹96,483 crore is in line with the government’s target and it is set to increase further in the coming months with rise in compliance and market demand.
Published on Aug 01, 2018 07:40 PM IST
New Delhi | Indo Asian News Service
UP’s GST revenue growth rate better than national average
Over a year after the Goods and Services Tax rollout, Uttar Pradesh has emerged as one of the top performers in terms of filing of returns by dealers and consequent revenue collection.
Published on Jul 16, 2018 12:13 PM IST
Hindustan Times, Lucknow | Brajendra K Parashar, Lucknow