GST impact: 11 states may see Rs 9,500 cr revenue loss this year under the new tax regime
Mumbai, August 23, 2017
Even though as a whole states’ revenue may clip past at a CAGR of 16.6 per cent in FY18 over FY16 under the GST, 11 of them may need an additional Rs 9,500 crore compensation from the Centre this year, says a report.
Govt gets Rs 42k cr tax so far in first filing under GST, may swell further
New Delhi, August 21, 2017
So far, 1 mn taxpayers have filed returns and another 2 mn have logged in and saved return forms
As much as Rs 42,000 crore has already come in as taxes so far in the first monthly filing under the new goods and services tax (GST) regime and the revenues are expected to swell further as the filing cycle closes this later this week.