Gst Shortfall

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Gst Shortfall - Total results - 3
Centre to borrow up to Rs 1.1 lakh crore on behalf of states to meet GST shortfall
Business

Centre to borrow up to Rs 1.1 lakh crore on behalf of states to meet GST shortfall

The amount will be borrowed by the Centre under the Special Window in appropriate tranches and will be passed on to states in back-to back loans, said a finance ministry statement. However, it did not say who will service the interest and principal payments

Seven states and Puducherry reject Centre's proposal of states borrowing to make up for GST shortfall
India

Seven states and Puducherry reject Centre's proposal of states borrowing to make up for GST shortfall

The Centre last week gave states the options to borrow either from a special window facilitated by the RBI or from the market and also proposed extending the compensation cess levied on luxury, demerit and sin goods beyond 2022

Nirmala Sitharaman attributes GST shortfall to COVID-19 impact, says economy facing 'Act of God' situation
India

Nirmala Sitharaman attributes GST shortfall to COVID-19 impact, says economy facing 'Act of God' situation

Revenue Secretary Ajay Bhushan Pandey said that of total shortfall of 2.35 lakh crore, Rs 97,000 crore is due to GST shortfall, and rest is due to impact of COVID-19 on the economy