: The chief ministers of six non-BJP-ruled states have written to the centre to remind it of its "constitutional" responsibilities in the stand-off over the ₹ 2.35 lakh crore shortfall in GST compensation and financial relief (from the pandemic) due to states. Mamata Banerjee (Bengal), Pinarayi Vijayan (Kerala), Arvind Kejriwal (Delhi), Edappadi K Palaniswami (Tamil Nadu), K Chandrasekhar Rao (Telangana) and Bhupesh Baghel (Chhattisgarh) rejected re-payment options - that states borrow to offset dues - and reminded the centre it had a legal duty to reimburse states' loss of revenue in the first five years of the GST regime. They said if states were to borrow then repayment schedules would place an extra burden on their finances. The centre, they said, could take up this burden and pay back the loan by carrying forward GST cess collection past 2022.
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For households looking to purchase gold for weddings, gifting or long-term savings, the recent price decline could offer some relief.
A no-cost EMI generally works by adjusting the interest charged by the lender against a discount offered by the merchant or manufacturer.
The October sales met street expectations despite GST led base, as the year-ago period (October 2025) was thefirst full month of GST Rate cut.
Maruti Suzuki achieved the milestone despite a high base following the previous GST rate cut. SUV sales touched an all-time monthly high of 73,058 units, while small car sales grew 38% year-on-year to 40,646 units.
Gross GST collections from domestic sales rose 16 per cent to over Rs 1.59 lakh crore, and revenues from imports climbed 42 per cent to Rs 72,246 crore.
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Opinion | Why States, Not Centre, Should Get All The Credit For GST 'Savings'Derek O’Brien
Wednesday October 22, 2025Amidst all the hoopla, it is the State governments that truly deserve recognition for coming together for the GST revision. Because the States are the ones bearing the brunt of massive revenue losses.
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