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GST COMPENSATION LAWS
Booked flat for Rs 24 lakh in 2010, paid Rs 40 lakh over time, still no possession in 2026; homebuyers awarded full refund and Rs 2.5 lakh compensation each- High Court says no to 'coercive action' against IndiGo
- Bombay HC quashes Rs 1,524 crore proposed GST demand on Tata Sons in Docomo arbitration payout case
- GST 2.0 Inverted duty structure hurts FMCG, Pharma: Expert flags concernsIndian enterprises are navigating challenges posed by the Goods and Services Tax. The inverted duty scenario is particularly affecting FMCG...18 Apr, 2026, 10.56 AM IST
- 12 states seek at least two-year extension for GST compensationGST, which on Thursday completes five years of its roll out, subsumed 17 central and state levies. Under the regime, states were promised c...30 Jun, 2022, 12.33 AM IST
- GST compensation fund, cess can stay beyond 5 years if steep fall in revenue continues: Attorney GeneralThe country’s top law officer, however, said any decision to extend the cess beyond the five-year period would require endorsement by a thr...31 Aug, 2020, 06.52 AM IST
- GST Council can take call on borrowing from market to compensate states: Attorney GeneralUnder the GST framework, any decision on compensation and how it needs to be provided rests with the council, according to a person familia...31 Jul, 2020, 03.52 PM IST
- GST compensation to states pending for Dec-March FY20"We are periodically talking about it. GST dues are very clearly explained in the GST Council. It is not for selective states... All states...17 May, 2020, 04.39 PM IST
- GST rates will have no inflationary impact: Arun JaitleyIntroducing four bills to give effect to GST, Jaitley said the legislations will have to be passed by Parliament and one by each of the sta...29 Mar, 2017, 02.37 PM IST
- Cabinet may tomorrow consider GST supplementary legislationsSources said the Cabinet meeting has been called for Monday morning and the agenda list may not be very long.19 Mar, 2017, 04.19 PM IST
- GST Council caps cess on demerit goods at 15%The 15 per cent cess cap would apply on luxury cars and aerated drinks. On pan masala, the cess has been capped at 135 per cent ad valorem.16 Mar, 2017, 08.58 PM IST
- GST Council may clear supplementary legislations tomorrowThe S-GST, which will allow states to levy the tax after VAT and other state levies are subsumed in the GST, will have to be passed by each...15 Mar, 2017, 07.06 PM IST
- July reality for GST! Centre, states broadly agree on key provisionsThe Council approved the final draft of Central GST and Integrated GST and will take up for approval the state laws at its next meeting on ...05 Mar, 2017, 12.48 AM IST
- GST council approves law to compensate states for revenue lossArun Jaitley said the GST Council approved the Compensation Law that will legally provide for the Centre making up for any loss of revenue ...19 Feb, 2017, 12.35 AM IST
- Arun Jaitley faces few hurdles in GST implementation"I am not going to bind myself with anything. Our effort is to do it as quickly as possible and I think we are making a reasonable headway,...24 Dec, 2016, 09.29 AM IST
- Centre to compensate states every quarter for GST revenue lossAny excess amount after the end of five year tenure in the 'GST Compensation Fund' so created, would be divided between Centre and states, ...26 Nov, 2016, 03.10 PM IST
- Centre circulates draft GST law with statesThe GST Council will have to clear Central GST (CGST), Integrated GST (IGST) and the compensation bills before they can be introduced in th...16 Nov, 2016, 08.32 PM IST
- GST Compensation Bill to detail revenue foregone by statesThe Compensation Bill will provide a legal backing to the Centre's promise to compensate the states if their revenue growth rate falls belo...06 Nov, 2016, 01.41 PM IST
- Administrative issue: How to identify the assessing officer for GST?If suggestions are to be followed, entities with revenue below Rs 1.5 crore can be assessed by the states.04 Nov, 2016, 07.04 PM IST
- Government mulls separate compensation law to reassure states on GST lossThis legal ring fencing could help build consensus on GST rates when the issue is taken up next month, officials said.24 Sep, 2016, 06.35 AM IST
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