With the GST reforms now in place, the biggest demand from states is how they will be compensated for the revenue loss incurred, said Harpal Singh Cheema, Punjab's finance minister, at the NDTV Profit GST Conclave on Tuesday. The compensation cess was levied to compensate states for the loss that states would incur in 2017 for a period of five years. Post that, states are seeing continuous loss, Cheema said, adding that states' losses despite full compliance are an indication that there are still faults in the system. With states too running multiple welfare schemes, the Centre will have to guide states till their economy stabilises, he said at the conclave, adding that states too wanted rate reductions but state economies need to be kept in mind
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In a joint operation that included raids across Assam, Bihar and West Bengal, a Special Task Force (STF) and GST officials busted the network accused of committing fake Input Tax Credit (ITC) fraud.
ITR Filing AY 2025-26: Most scrutiny notices are not accusations of wrongdoing. Often, they simply seek clarification or supporting documents.
The apartment's advertised price was Rs 2.8 crore, but the final cost increased to Rs 3.2 crore after going through the fine print.
Gross GST collections rose 3.2% to Rs 1.94 lakh crore in May driven by goods and services supply.
Triumph may increase prices of the Speed T4, Scrambler 400, Thruxton 400 and other 350cc motorcycles in India from June 1, 2026.
मोदी सरकार के 12 साल: कैसे तय होगा 10 ट्रिलियन डॉलर वाली अर्थव्यवस्था बनने का सफर, अब तक क्या हुआ
Wednesday June 10, 2026नरेंद्र मोदी के 12 साल के कार्यकाल में अर्थव्यवस्था ने तेज छलांग लगाई है, उसके कई क्षेत्रों में उल्लेखनीय सुधार हुआ है. मोदी सरकार को सुधार की दिशा में ऐसे कदम उठाने होंगे, जो भारत को अंतरराष्ट्रीय जगत के लिए तैयार करे.
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.
Opinion: GST Cut, Inflation Under Control: Optimism As Festival Season ApproachesBharti Mishra Nath
Friday September 19, 2025Away from politics, floods, rain-related tragedies and the Trump tariffs, there is optimism in the air. With GST rationalized, inflation in control, the upcoming festival season promises good times.
Opinion | Next-Generation GST: A Reform That Places The Middle Class At The CentrePradeep Bhandari
Saturday September 06, 2025By ensuring both direct tax relief and rationalised indirect taxes, the government has empowered the common citizen to save more, spend more, and aspire more.
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