Bengaluru, March 6 (IANS) Karnataka Chief Minister Siddaramaiah on Friday said the rationalisation of Goods and Services Tax (GST) rates by the Central Government has adversely affected the state’s revenue collections, leading to a significant shortfall in the current financial year.Presenting the state Budget for 2026–27, Siddaramaiah said the rate changes are expected to result in an estimated revenue shortfall of about Rs 10,000 crore for the state in the current financial year, while a sho…
Latest Tax devolution News & Updates
Guwahati, Feb 11 (IANS) Hailing the Union Budget 2026-27 as historic and futuristic, Union Agriculture Minister Shivraj Singh Chouhan said on Wednesday that Rs 6,812 crore has been allocated to the Ministry of Development of the Northeastern Region (MDoNER), which is Rs 897 crore more than the previous Budget.The Budget will bring positive change to the nation as well as to the Northeastern region, he added.Addressing a press conference here, Chouhan also informed that the Ministry of Agricultur…
Shimla, Feb 8 (IANS) Union Minister for Culture and Tourism Gajendra Singh Shekhawat on Sunday clarified that Himachal Pradesh has significantly received higher Revenue Deficit Grant (RDG) in recent years compared to earlier cycles, but with a clear indication that states “must strengthen their own revenue systems and adopt fiscal discipline”. He said fiscal deficit “is fundamentally the gap between revenue and expenditure and cannot be addressed through political-blame shifting but throug…
Bengaluru, Jan 30 (IANS) Karnataka government has placed its legitimate and constitutionally grounded demands before the 16th Finance Commission, seeking justice in tax devolution and fiscal federalism, stated Chief Minister Siddaramaiah. The government has also released posters in this regard and launched a campaign seeking justice for the state.Siddaramaiah stated, “Through this campaign – ‘JUSTICE FOR KARNATAKA, FAIR SHARE, STRONG FEDERALISM’ – the Government has released nine posters, ea…