E-PaperRevenue Shortfall News
Centre allows 20 states to mobilise ₹68,825 cr to meet GST revenue shortfall
The 20 states, who have exercised Option-1, have become eligible to raise an amount of ₹68,825 crore through open market borrowingsAction on the special borrowing window is being taken separately
2 min read13 Oct 2020Not just lower taxes, evasion too a factor in the GST shortfall
Until December, 499 cases of fake invoices, used for claiming input tax credit worth 3,895 crore, were detected
3 min read7 Jan 2019India set to miss 2018-19 fiscal deficit target due to revenue shortfall: India Ratings
The country's 2019 fiscal deficit target has been pegged at 3.3 percent of its gross domestic product
1 min read26 Nov 2018Infra firms wary of states’ toll exemption policies
The practice is set to impact investment in infrastructure projects, especially the BOT (build-operate-transfer)-toll model of development of road projects
2 min read5 Jul 2018What the Kerala budget says about the state’s economy
Kerala finance minister Thomas Isaac blamed the goods and services tax (GST) for most of the revenue shortfall, in the state budget presented on 2 February
4 min read8 Feb 2018Revenue collected under GST in October at Rs95,000 crore: Sushil Modi
Sushil Modi says the average revenue shortfall of all states under GST for August was 28.4% and it has come down to 17.6% in October
1 min read18 Nov 2017India seeks hefty dividends from state firms as its revenues falter
The government is demanding millions of dollars in dividends from 12 reluctant state companies to make up for an expected tax revenue shortfall this fiscal year
3 min read14 Nov 2017GST collection worries misplaced: UBS report
UBS report says even if the GST refund and credit claims are deducted, full-year revenue could still be in line with or very near the budgeted amount
1 min read28 Sep 2017GSTN snag caused Rs600 crore revenue shortfall for Karnataka: minister
Karnataka agriculture minister Krishna Byre Gowda says the state faced a revenue shortfall of about Rs600 crore in July due to 'GSTN glitches'
1 min read21 Sep 2017Govt’s direct tax collections likely to miss budget targets for FY17
Direct tax collections are likely to fall short of budget targets in 2016-17 with the government managing to garner only 73% of the estimated collections until February
2 min read10 Mar 2017Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared