The government plans to create a backstop facility for states to receive GST compensation for three additional years after the expiry of the first five years as mandated by the Constitution
2 min read24 Dec 2018States are steadily improving GST collections aided by relaxations in deadline, waiver of late payment fee and steps to encourage compliance, shows GST Council data
3 min read13 Nov 2017The 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