Niti Aayog member bats for 2 GST slabs, says rates should not be revised frequently

Central government is providing a subsidy of Rs 1.2 lakh cr and the states put together spend about Rs 1 lakh crore.

Talks on making India USD 5 tn economy didn't come all of sudden, says PM

'Credit for every achieved target goes to the people and not to the government,' PM Modi added.

Taxmen were told that both the GST and Rs 13.35 lakh crore target for direct taxes for 2019-20 will have to be achieved.

Collections under the GST, which was introduced in July 2017, has remained mostly below the target.

The delays to pass on the money are due to a slip in collections and the states have nothing to worry, said FM Nirmala Sitharaman.

The meeting of all-powerful GST Council is going to be held against the backdrop of lower-than-expected GST collection.

The meeting of all powerful GST Council is expected to take place in the second half of this month to deliberate on a host of issues.

According to official sources, the number reflects pick up in consumption and improvement in compliance as well.

The Centre has also reduced the credit limit of the state by almost Rs 6000 crore.

Govt on several occasions has given clarifications to reduce ambiguities and make the process smooth and easy.