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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 on Mar 21, 2026 10:20 am IST

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 on Sept 05, 2025 07:30 am IST

Maharashtra excise department lapses caused revenue loss of several crore rupees: CAG

Maharashtra excise department lapses caused revenue loss of several crore rupees: CAG
Updated on Oct 07, 2025 02:05 am IST

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 on Dec 06, 2024 10:50 pm IST

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 on Nov 13, 2024 06:06 am IST

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 on Jun 12, 2024 09:06 am IST

UT falls 800 cr short of projected tax revenue

Revenue expenditure reached 106% by February 2024, while capital expenditure was only 350 crore, leaving a significant portion unspent. (HT photo)
Updated on Apr 01, 2024 08:18 am IST

At 1.87 lakh crore, GST continues to impress

PREMIUM
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 on May 02, 2023 07:08 pm IST

Jharkhand, the only remaining state, accepts Centre’s 1.1L cr borrowing option

An illuminated Parliament ahead of the midnight launch of Goods and Services Tax (GST) in New Delhi in 2017.
Published on Dec 05, 2020 11:18 am IST

GST compensation may jump 89% in FY-21 at Rs 3.12 lakh crore

According to an estimate, GST compensation cess requirement for the financial year 2020-21 is pegged around Rs. 26,000 crore per month.
Updated on Aug 27, 2020 09:55 am IST

GST Council may discuss market borrowing by states on Thursday

The pandemic and a 68-day nationwide lockdown to check its spread from March 25 hit the country’s economic growth.
Updated on Aug 26, 2020 05:19 pm IST

Lockdown effect: Haryana’s economy to take a hit

HT Image
Updated on Mar 31, 2020 10:03 pm IST

State finance minister’s job an unenviable one

Data given in the Reserve Bank of India’s Study of State Budgets puts total receipts of all states with assemblies in 2019-20 at Rs 39.2 lakh crore.
Updated on Feb 17, 2020 09:31 am IST

Budget 2020: Focus on growth

India needs synergy in its efforts to seek long-term finance to sustainably finance investments and provide attractive returns to households outside what continues to be an overvalued stock market
Updated on Jan 15, 2020 07:04 pm IST

GST collection in line with govt target, set to rise further: Piyush Goyal

Responding to a question that some companies were not passing on the benefits of GST rate cuts announced in last month’s GST Council meeting to the end-user, finance minister Piyush Goyal said the government would take appropriate action.
Published on Aug 01, 2018 07:40 pm IST

UP’s GST revenue growth rate better than national average

The GST Act provides for protection of states’ revenue at annual growth of 14 % with the Central government being under obligation to compensate any shortfall for next five years from the roll out of the GST.
Published on Jul 16, 2018 12:13 pm IST