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GST COMPENSATION NEWS
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...24 Jun, 2024, 12.11 PM IST- 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...13 Feb, 2023, 02.09 PM IST
- 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...26 Nov, 2022, 12.45 AM IST
- 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...27 Apr, 2022, 11.01 PM IST
- 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...07 Oct, 2020, 01.48 PM IST
- 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...06 Oct, 2020, 03.25 PM IST
- 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 ...10 Sep, 2020, 10.19 AM IST
- 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...30 Aug, 2020, 06.06 PM IST
- 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...27 Aug, 2020, 11.01 PM IST
- 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...21 May, 2020, 12.29 PM IST
- 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...22 Feb, 2020, 06.14 PM IST
- 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...17 Mar, 2017, 01.42 PM 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
- 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...22 Jul, 2015, 03.57 PM IST
- 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...08 Aug, 2014, 08.41 AM IST
- 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...16 Mar, 2012, 09.39 PM IST
- 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.03 Mar, 2012, 05.45 PM IST
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