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According to sources in the finance department, the GST collection was not expected to be so high and hence it had asked the Centre for a compensation of Rs 6500 crore.

Government plans to set up anti-profiteering body

The proposed authority will have powers to investigate complaints of profiteering.

4 Oct 2017 1:56 AM IST

File photo of senior BJP leaders Yashwant Sinha and Arun Jaitley after a BJP Parliamentary Party meeting in New Delhi. (Photo: PTI)

I am confident that H2 2017-18 will show solid recovery, says Arvind...

The government is looking at increased public spending to boost growth, with Finance Minister Arun Jaitley addressing...

3 Oct 2017 1:40 AM IST

Decline in interest rates would boost demand for consumer durables, stimulate investments, and make Indian products more competitive.

Economic turnaround: The only way is up

The government has front-loaded capital spending and undertaken significant reform policies including GST.

3 Oct 2017 1:44 AM IST

Finance Minister Arun Jaitley at an event in Faridabad on Sunday. (Photo: PTI)

Scope for lower slabs under GST, says Arun Jaitley

Mr Jaitley said that when people have the right to demand development, they also have the responsibility to pay what is...

2 Oct 2017 2:23 AM IST

Prime Minister Narendra Modi. (Photo: PTI)

Growing discontent against Modi govt

Electoral failure in different universities should be a matter of concern for the BJP.

2 Oct 2017 12:32 AM IST

Finance Minister Arun Jaitley (Photo: AP)

Impact of notes ban, GST behind us: FM after GDP growth breaks...

India's economy grew at 6.3 percent in the second quarter of the financial year, official data showed on Thursday.

30 Nov 2017 8:06 PM IST

Union Finance Minister Arun Jaitley addressing media after the 22nd meeting of the Goods and Services Tax (GST) Council, in New Delhi. (Photo: PTI)

12, 18 per cent GST rates to be merged; luxury items in 28 per cent...

Merging of 12 and 18 per cent slab mean some items in 12 per cent bracket will be sent to 5 per cent.

30 Nov 2017 6:48 PM IST

Kapil Sibal said different sizes of these notes were being printed one for the ruling party (members) and one for the others. (Photo: RSTV screengrab)

PM not a real Hindu, BJP has forgotten Hinduism, adopted Hindutva:...

Controversy started when Rahul Gandhi and MP Ahmed Patel's name were written in special register for non-Hindus...

30 Nov 2017 6:40 PM IST

Union Minister for Finance and Corporate Affairs Arun Jaitley (Photo: PTI)

Jaitley hints at further rationalisation of GST rates

Jaitley said GST started with different tax rates and they have rationalised rates on many items.

30 Nov 2017 3:39 PM IST

The Centre has set up an anti-profiteering authority to ensure the benefit of the GST reaches consumers.

If govt decides profit, it must share loss too: NRAI

The central government has asked state agencies to check GST implementation and complaints of overcharging of tax.

30 Nov 2017 5:56 AM IST

Photo caption: Under it, C-GST will be levied by the Centre, S-GST by states and I-GST on inter-state supply of goods and services. (Representational Image)

Centre appoints NAPA chairman

He has been closely associated with the formulation of GST and its implementation.

29 Nov 2017 6:39 AM IST

Business leaders at the forum also highlighted potential opportunities in the conversion of the Indian economy into a digital less-cash economy.

DBS Bank lowers India's FY18 GDP growth to 6.6 pc

Bank, however, expects that Indian economy will recover in fiscal 2019 and achieve a growth rate of 7.2 per cent.

28 Nov 2017 3:45 PM IST