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GST COMPENSATION NEWS
Macro, the Mightiest: Why India’s biggest macro variable still falls from the skyThe 2026 monsoon comes with a clear warning: Rainfall is forecast at 92% of the long-period average, with higher-than-usual probability of ...- Cigarette stocks ITC, Godfrey Phillips, VST down up to 4%. Here's whyFollowing the news, VST Industries shares fell 4% to day's low of Rs 287.20, Godfrey Phillips stock fell about 4% while ITC fell over 2% to...
- GST cess may fall short of Rs 1.37 lakh crore for states compensation; Centre likely to meet shortfallThe GST compensation cess fund might have a ₹1.37 lakh crore shortfall by March 31 due to ₹50,000 crore interest on Covid loans. An additio...
- India’s ‘sin’ is govt’s bounty: GST cess may deliver Rs 70,000 cr bonanzaThe Centre is anticipating a significant surplus of approximately Rs 70,000 crore from GST compensation cess collections, even after repayi...
- GST compensation to some states delayed due to lack of AG certificate: Nirmala SitharamanDespite that, Sitharaman said, the Centre has been accused of not releasing the funds on time. She urged Kerala MP N K Premachandran (who a...
- Centre releases Rs 17,000 crore to states as GST compensation"With this, the Centre has released in advance the entire amount of cess estimated to be collected this year till March-end available for p...
- GST compensation for 8 months released to states, Rs 78,704 cr pending: Finance MinistryIn a statement, the ministry said normally, GST compensation for 10 months (April-January) of any financial year is released during that ye...
- GST: Opposition-ruled states seek Rs 35,000 crore GST compensation cessCompensation in lieu of GST transition is transferred to states in bimonthly instalments. Three such payments — for April-May, June-July an...
- States should stand firm, reject Centre's options on GST compensation cess: ChidambaramThe former finance minister said the states should not borrow as the liability to provide Goods and Services Tax (GST) compensation as well...
- The showdown over GST shortfall threatens recovery even as Covid cases post fresh spikesThe dispute is over 3 trillion rupees ($41 billion) that Modi’s government owes states this year, because the account from which the funds ...
- Thrusting GST debt on states will lead to 'brute power of centralism': Bengal FMIn the 41st meeting of GST council on August 27, Union Finance Minister Nirmala Sitharaman said that the COVID-19 pandemic is an "act of Go...
- GST Council forcing states to borrow: Congress governmentsPuducherry Chief Minister V Narayana Samy, Punjab Finance Minister Manpreet Singh Badal and Chhattisgarh health minister TS Singh Deo addre...
- Centre gives Rs 15,340 crore as GST compensation to statesThe Centre has released ₹15,340 crore to states as GST compensation despite insignificant tax collection due to relief provided in terms of...
- Maharashtra CM discussed GST compensation, PMC bank issue with PM: Aaditya ThackerayAaditya described Uddhav Thackeray's first visit to the national capital after becoming chief minister in November last year, as "smooth" a...
- GST few steps away from becoming reality, but what’s in it for Dalal Street?Investors can look at companies that will gain with organised sectors becoming a bigger part of the whole market and unorganised sectors lo...
- 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,...
- GST bill on right track, but still a long way to go before it's passed: Mythili Bhusnurmath"We will have to wait and watch out for the final outcome of this. But my sense is that the direction is broadly forward. To that extent, i...
- GST row: Uttar Pradesh on board, MP and Rajasthan ditherWhile Yadav seems to have relented, concerns of CMs in BJP-ruled MP & Rajasthan may make arriving at a consensus on transition to the new G...
- Budget 2012: Goods and Service Tax now seems to be 'in limbo', says Sushil Kumar ModiModi pointed out that state governments will face a lot of problems as a "mere" Rs 300 crore has been budgeted towards Central Sales Tax co...
- Budget 2012: Hike CST to 4% or compensate adequately - States to CentreThe state Finance Ministers, finalised a negative list of 35 services which would not be taxed under proposed GST regime.
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