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Revenue Shortfall News

VVCMC doubles water tax, increases property tax by 15%

VVCMC doubles water tax, increases property tax by 15%

Published 115 days ago

GST rate cut to hit Punjab tax revenue by 20%

The overhaul of the indirect tax regime — shifting to a two-slab structure from September 22, was announced by Union finance minister Nirmala Sitharaman after the 56th meeting of the GST Council in New Delhi on Wednesday.

Published 312 days ago

Pushing for its extension, Punjab among top beneficiaries of GST compensation

Punjab, which is strongly pushing for an extension of the goods and services tax (GST) compensation cess beyond March 31, 2026, was among the largest beneficiaries of the compensation payments offered to states for transition to the new indirect tax regime. (PTI File)

Updated 584 days ago

Chandigarh’s excise department misses revenue target by ₹36-cr: CAG audit

The report was acquired by RTI activist RK Garg under the RTI Act. (HT File)

Updated 608 days ago

Chandigarh STA failed to achieve targets in 2021-23: Audit report

The STA stated that defaulting vehicles have been blacklisted and will be challaned if found operating on the road. (HT file photo for representation)

Updated 762 days ago

UT falls ₹800 cr short of projected tax revenue

Revenue expenditure reached 106% by February 2024, while capital expenditure was only <span class='webrupee'>₹</span>350 crore, leaving a significant portion unspent. (HT photo)

Updated 834 days ago

At ₹1.87 lakh crore, GST continues to impress

A healthy growth in GST collections, when read with other indicators such as the Purchasing Managers’ Index (PMI) manufacturing for the month of April reaching a four-month high suggests that the Indian economy is still not losing momentum.

Published 1168 days ago

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