The CAG has found that the Union government in the very first two years of the GST implementation wrongly retained Rs 47,272 crore of GST compensation cess that was meant to be used specifically to......
Finance ministry sources have countered CAG audit finding of central government wrongly retaining Rs 47,272 crore of GST compensation cess meant for states, saying temporary retention cannot be......
In the current financial year, the Centre released nearly Rs 1 lakh crore compensation to the states till September. Illustration: Dominic Xavier/Rediff.com Pegging the unpaid GST compensation to......
Under the law, states were guaranteed to be paid for any loss of revenue in the first five years of the GST implementation from July 1, 2017. Illustration: Uttam Ghosh/Rediff.com The Centre has......
The Centre has projected reining in its fiscal deficit at 3.3 per cent of GDP in FY19. Illustration: Uttam Ghosh/Rediff.com The Centre will get roughly Rs 20,000 crore (Rs 200 billion) from a......