New Delhi, Jul 27: The Finance Ministry will soon move the Cabinet with changes in the GST Constitutional Amendment Bill providing for full compensation to states for first five years of roll out of ...

GST return filing date extended by govt. The Centre’s message to states as it presented two options before them at the Thursday’s GST Council meeting was very clear: the additional revenue slippage on ...

Goods and Services Tax (GST) department officials and businessmen are in a fix over the applicability of changed formula for availing the accumulated input tax credit (ITC) in special cases. The ...

The eastern states say their losses under a changed GST formula could well exceed the $1 billion a year the federal government is prepared to offer in compensation, and they are demanding a blank ...

Amid a raging row over the hefty taxes on petrol and diesel, NITI Aayog is learnt to have proposed a formula whereby the two motor fuels and electricity could be brought under the goods and services ...

The GST Council is likely to discuss ways to bring aviation turbine fuel within the new tax regime. A meeting of the council is due this month as it meets once every quarter and had last met on ...

The 2014/15 budget papers show the states and territories will share in $53.7 billion in revenue from the consumption tax. The biggest recipients will be NSW ($16.8 billion), Victoria ($11.8 billion) ...

Prime Minister Scott Morrison is facing objections from the eastern states over his plan to legislate a new funding formula for the GST, with treasurers warning they would be potentially worse off as ...