Poor tax revenue growth plays havoc with government’s fiscal maths1 min read 24 Dec 2019, 01:12 PM IST
The Central government this year is staring at a 40% shortfall in the funds raised through a cess on sale of luxury and sin goods that is used for compensating states
Union and state governments are collectively facing revenue losses from tax refunds
NEW DELHI : Flaws in the Goods and Services Tax (GST) rate structure and the economic slowdown are burning a big hole in the finances of central and state governments this fiscal.
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