Govt stares at Rs 63,000-crore shortfall in GST ...Middle East

The government levies compensation cess on several sin and luxury goods such as tobacco, soft drinks and large cars, which is to be used compensate states that fail to increase collections by 14% annually. With the GST Council lowering tax rates and overall economic growth slowing down, collections have been hit.

Hence then, the article about govt stares at rs 63 000 crore shortfall in gst was published today ( Monday 23/12/2019 - 11:20 PM ) and is available on The Times of India ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

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