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GST COMPENSATION PUNJAB
Centre's FY22 GST compensation amount should be higher than projected Rs 1.58 lakh crore: Opp-ruled statesFinance ministers of Kerala, Punjab and Chhattisgarh said there was no consensus regarding the compensation requirement in 2021-22 in the M...30 May, 2021, 03.10 PM IST- FY'22 GST compensation shortfall estimated at Rs 2.69 lakh croreThe Centre expects to collect over Rs 1.11 lakh crore through cess on luxury, demerit and sin goods which will be given to the states to co...26 May, 2021, 11.26 PM IST
- FM Nirmala Sitharaman to hold GST Council meeting on May 28The meeting will be held after a gap of more than six months, following demands from state finance ministers including those of West Bengal...15 May, 2021, 04.23 PM IST
- Chhatisgarh takes Rs 1.1 lakh cr option to meet GST compensation shortfallThe Centre had offered to all states two options – Rs 97,000 crore and Rs 2.35 lakh crore – with different set of conditions for each to me...03 Dec, 2020, 10.59 AM IST
- Punjab CM Amarinder Singh calls Centre’s recent GST move atrociousThe Centre’s total lack of support is not helping matters, of course. Not only have they not extended any significant Covid relief aid, but...06 Sep, 2020, 07.16 AM IST
- Congress leader P Chidambaram lauds 6 states for rejecting Centre's GST proposal"Congratulations to the finance ministers of Punjab, Chhattisgarh, Kerala, West Bengal, Telangana and Delhi for rejecting the bogus twin op...01 Sep, 2020, 09.57 PM IST
- Kerala rejects Centre's proposal of borrowing by states to meet GST revenue shortfallThe Centre and opposition-ruled states like Punjab, Kerala, Delhi and West Bengal, are at loggerheads over the financing of the Rs 2.35 lak...31 Aug, 2020, 04.29 PM IST
- Easing FRBM limit by 50bps not adequate, say Kerala, Punjab, criticising Centre's borrowing optionsThe Centre offered two options for states at the GST Council meeting on Thursday to make up for the shortfall in the GST compensation cess ...28 Aug, 2020, 11.45 PM IST
- GST Council meeting: Centre, states set to clash over compensation paymentStates are likely to push the Centre to borrow from the market, bring more products under the compensation cess ambit, extend GST compensat...27 Aug, 2020, 06.49 AM IST
- States should not be made to bear the burden of borrowing: Punjab FM Manpreet Badal“States should not be made to bear the burden of borrowing, which in any case is likely to be higher than the rate at which the central gov...01 Aug, 2020, 09.53 AM IST
- FY20 GST compensation at Rs 1.65 lakh crore, cess mop-up of Rs 95,444 crore: GovernmentThe highest compensation was given to Maharashtra at Rs 19,233 crore followed by Karnataka at Rs 18,628 crore, the finance ministry said in...27 Jul, 2020, 06.18 PM IST
- States seek GST compensation beyond 2022 to tide over Covid-19 crisisState finance ministers, during a video conference on Monday, also discussed issues arising out of the lockdown, including the urgent requi...28 Apr, 2020, 05.05 PM IST
- Punjab gets Rs 1,237 crore as grants-in–aidSources said that the amount released came from arrears of compensation for the loss of revenue for the 2017-18 and 2018-19 financial years...11 Apr, 2020, 12.08 AM IST
- Situation akin to economic emergency prevailing in country: Congress"Why are they not giving GST share to states? It became clear on Friday when it came to the fore that the country's fiscal deficit has reac...30 Nov, 2019, 06.56 PM IST
- Five non-BJP states red-flag GST duesFive states that are not ruled by the BJP-led governments including Punjab, Rajasthan, Kerala, West Bengal and Delhi have accused the Centr...21 Nov, 2019, 06.28 AM IST
- GST to have a positive impact on state government financesAt an aggregate level, the state taxes that are subsumed in GST accounted for 55% of states’ own tax revenue and grew at 14.0% during FY12-...28 Aug, 2017, 07.45 PM IST
- 11 states may see Rs 9,500 crore revenue loss this year under GSTIt noted that unlike the value added tax (VAT), which was rolled out from April 2005 to January 2008, implementation of GST will also bring...22 Aug, 2017, 10.51 PM IST
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