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Searched Tag: cooperative federalism
In a recent statement, Union Finance Minister Nirmala Sitharaman stressed on the pivotal role of the Goods and Services Tax (GST) in strengthening cooperative federalism and empowering states.

FM Sitharaman highlights GST's role in cooperative federalism

May 7, 2024, 01:27 PM - 2 min read

She clarified that states receive 100 per cent of the State GST (SGST) collected within their jurisdiction, approximately 50 per cent of the Integrated GST (IGST) on inter-state transactions, and a substantial portion of the Central GST (CGST) based on recommendations from the Finance Commission.

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