https://www.taxtmi.com/news?id=57343 Punjab reports substantial GST-related revenue shortfalls since GST implementation and attributes worsened fiscal stress to the discontinuation of the compensation cess after 2022, arguing that GST's consumer-based structure disadvantaged the state. The Assembly passed the Punjab Goods and Services Tax (Amendment) Bill, 2025 to amend multiple provisions of the Punjab GST Act, 2017 and insert new sections in order to align state law with recent Central amendments effected by the Finance Act, 2025. en-us Mon, 29 Sep 2025 22:31:03 +0530 Mon, 29 Sep 2025 22:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=57343 Punjab reports substantial GST-related revenue shortfalls since GST implementation and attributes worsened fiscal stress to the discontinuation of the compensation cess after 2022, arguing that GST's consumer-based structure disadvantaged the state. The Assembly passed the Punjab Goods and Services Tax (Amendment) Bill, 2025 to amend multiple provisions of the Punjab GST Act, 2017 and insert new sections in order to align state law with recent Central amendments effected by the Finance Act, 2025. News - Mon, 29 Sep 2025 22:31:03 +0530 https://www.taxtmi.com/news?id=57343