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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Planning to exchange your mother's 30-year-old gold this Dhanteras? Know the declaration rules, jeweller deductions, GST, and capital gains tax before exchanging your old jewellery.
With Samvat 2083 beginning on Sunday, November 8, investors will be watching whether the auto sector can regain momentum or face another challenging year.
For buyers focused on accumulating physical gold, coins can be an alternative to jewellery. They avoid the high making charges often associated with intricate ornaments and come in different weights, giving customers greater flexibility when spending a fixed amount.
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
For households looking to purchase gold for weddings, gifting or long-term savings, the recent price decline could offer some relief.
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Thursday July 02, 2026आज राष्ट्रीय चार्टर्ड अकाउंटेंट दिवस (सीए-डे) मनाया जा रहा है. भारत की विकास यात्रा में चार्टर्ड अकाउंटेंट्स के योगदान को याद कर रहे हैं कृष्ण गोपाल अग्रवाल.
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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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Wednesday October 15, 2025The GST rationalisation is a gradual impetus to India's growth story.
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