3 Things Destroyed Economy, Says Rahul Gandhi, Promises Video Explainer

Congress leader Rahul Gandhi took to Twitter today to announce a video series on "how the Modi government has destroyed the Indian economy" with a short clip where he states how demonetisation, "flawed GST" and the coronavirus lockdown have hit the national economy.

The centre in a letter to the states has promised it would clear their goods and services tax (GST) dues despite the massive shortfall in GST cess collection amid the coronavirus pandemic, a situation that has been described as "an act of God" by Finance Minister Nirmala Sitharaman. The government in the letter said it wants to stay clear of "avoidable borrowing at th...

Congress leader P Chidambaram has taken a swipe at Finance Minister Nirmala Sitharaman over the "act of God" comment she made on Thursday while describing the coronavirus pandemic and its impact on GST collection

Congress leader Rahul Gandhi on Friday hit out at Finance Minister Nirmala Sitharaman's remarks that the economy has been hit by the COVID-19 pandemic which is an "Act of God", saying the Indian economy has been "destroyed" by three actions -- demonetisation, "flawed" GST and a "failed" lockdown.

Senior Congress leader P Chidambaram urged states to reject options given to them by the Centre over the GST compensation issue and demand money in one voice.

Haryana Deputy Chief Minister Dushyant Chautala has requested the centre to pay the state's goods and services (GST) compensation of Rs 5,840 crore at the earliest that has been pending for the last four months, according to a statement on Friday.

The CPI(M) on Friday hit out at the government over the shortfall in GST revenues and claimed it was "blaming the heavens" after its "cronyism, incompetence and callousness" destroyed the economy.

The Kerala government on Thursday termed as "unacceptable" the two options placed before the GST Council by the Centre for borrowing by states to meet the shortfall in tax revenues.

The Congress Thursday said it was "dissatisfied" with the outcome of the GST Council meeting and accused the Centre of adopting a majoritarian approach and thrusting "solutions" on states.

The coronavirus pandemic has hurt goods and services (GST) collection and the shortfall is Rs 2.35 lakh crore for fiscal 2021, the government said on Thursday. Finance Minister Nirmala Sitharaman, after a meeting of the decision-making body for fixing GST policies, said the coronavirus pandemic was "an act of God" and an unforeseen factor that affected GST collections...

The 41st GST or Goods and Services Tax Council meeting was held today, chaired by Finance Minister, Nirmala Sitharaman. There was no discussion on revising GST rates for two-wheelers and therefore, the current rate of 28 per cent is still applicable.

Bihar Deputy Chief Minister Sushil Kumar Modi on Wednesday said the central government is "morally bound" to compensate states for the revenue shortfall on account of low GST collections in the wake of the COVID-19 pandemic.

Responding to a question during a CII virtual forum, the Finance Minister said that two-wheelers are "neither a luxury nor a sin good," and would merit a rate revision.

Congress president Sonia Gandhi has criticised the centre over not clearing goods and services tax that it owes to state governments, putting them in severe financial strain amid the coronavirus pandemic.