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27Jun 2025

₹95,000 Crore GST Compensation Fund Surplus by 2026

₹95,000 CRORE SURPLUS LIKELY IN GST COMPENSATION FUND BY 2026 GST Council to Review Compensation Fund Surplus Surplus estimate: The GST Compensation Fund may have a ₹95,000 crore surplus by March 31, 2026. Liabilities cleared: This projection comes after clearing all state dues and debt liabilities incurred during the compensation period. Council review: The GST …

02Jul 2024

“JUNE GST REVENUE GROWTH HITS THREE-YEAR LOW, NO OFFICIAL STATEMENT”

Why in the news? June’s GST revenue growth slowed to a three-year low of 7.74%. No official statement released by the Finance Ministry on GST collections. About Goods and Services Tax (GST): GST was introduced through the 101st Constitution Amendment Act, 2016. The GST has subsumed indirect taxes like excise duty, Value Added Tax (VAT), …

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₹95,000 Crore GST Compensation Fund Surplus by 2026

“JUNE GST REVENUE GROWTH HITS THREE-YEAR LOW, NO OFFICIAL STATEMENT”

UPSC Prelims 2026 Live Paper Discussion & Detailed Answer Key Analysis