GST 2.0: Is this the right time? And what kind of reforms do we need?

GST 2.0: Is this the right time? And what kind of reforms do we need?

The tumultuous years of implementing goods and services tax (GST) in India seem to be over. This indirect and transaction based tax, implemented nationwide in July 2017, has settled in. Most of the teething issues, such as glitches in ‘invoice matching’ and delays in refund, which dragged on for years, have largely been dealt with. … Read more

GST compensation for 8 months released to states, Rs 78,704 cr pending: Finance Ministry

GST compensation for 8 months released to states, Rs 78,704 cr pending: Finance Ministry

The Finance Ministry on Wednesday said the Centre has already released eight months of GST compensation dues to the states for the fiscal ended March 2022 and Rs 78,704 crore is pending due to inadequate balance in the cess fund. In a statement, the ministry said normally, GST compensation for 10 months (April-January) of any … Read more