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GST COMPENSATION ARREARS
Budget 2024: Sitharaman underlines Centre's support to states via timely tax devolution, GST compensation arrearsUnion Budget: Finance Minister Nirmala Sitharaman emphasised the Centre's commitment to supporting states through timely tax devolution and...- How to boost goods and services tax revenue in the post-compensation eraAccording to a 2021 RBI study of state finances (bit.ly/3NpgRZ5), the average growth rate in collection from subsumed taxes during the thre...
- Release pending dues of Rs 20,860.40 crore to Tamil Nadu, CM Stalin tells Finance MinisterAmong the dues, he said the Goods and Services Tax Compensation arrears from the Ministry of Finance was the highest at Rs 13,504.74 crore....
- BJP govt encashing valour of armed forces personnel for vote politics: Adhir Ranjan ChowdhurySpeaking during the Zero Hour, Chowdhury said the previous Congress-led UPA government had on February 17, 2014 promised to implement OROP ...
- Politicising GST Council decisions an insult to federal body: Sitharaman in RSReplying to a supplementary during the Question Hour by NCP leader Vandana Chavan for asking why non-BJP states have higher GST compensatio...
- State FM's raise questions on the new GST compensation formulaFinance Ministers from different states have questioned the new GST compensation math while they're also not content with the agenda being ...
- First physical GST Council meeting since pandemic begins in LucknowInclusion of petroleum products, petrol and diesel within GST is set to be a hot topic of debate as high taxes and cess have pushed fuel pr...
- Will petrol and diesel come under GST? Council to take call in first in-person meeting since start of pandemicThe GST council may decided today on a range of topics including whether to include petroleum products under GST ambit which will significa...
- Centre to present options to states for meeting compensation shortfall at GST Council meetingThe GST compensation is calculated as per the formula provided in the Compensation Act and is released on a bi-monthly basis. However, due ...
- Borrow more to stimulate demand, revive economy: P Chidambaram to governmentAs part of his measures to revive the economy, he sought transferring cash to the poorest 50 per cent of families, offering them foodgrains...
- GST: Karnataka to follow Option One, meet reform-linked timelines for additional borrowing, says Home MinisterThe GST Council, which met on August 27 to discuss the subject of GST compensation payable to states, placed two options before the states....
- 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...
- 28 states cleared to borrow up to Rs 3.2L croreIn a letter dated March 23, the finance ministry asked the Reserve Bank of India to make the necessary arrangements in consultation with th...
- Covid-19 battle: Cash-strapped states send SOS to centreStates urgently petition Centre, seek for help to cope with the outbreak.
- 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...
- Centre hopeful of tabling GST Bill this sessionAhead of a crucial meeting with states later today, the Centre said it hopes to table the GST Bill in the ongoing session of Parliament.
- Odisha asks Centre to win its trust by paying arrearsAmat said, "The Centre should release the balance amount of compensation Rs 3,417.13 crore to infuse confidence in the states."
- States oppose GST Bill; compensation, petroleum remain vexed issuesIn a setback to Centre, states rejected draft GST Bill saying it does not address their concerns, particularly on entry tax & taxation of p...
- Centre to release Rs 11,000 cr CST compensation to states: Arun JaitleyCST compensation is one sticky issue that has been holding up agreement on introduction of the Goods and Services Tax (GST) regime to repla...
- Narendra Modi takes stock of GST, Bill likely in winter sessionThe UPA government in 2011 introduced a Constitution Amendment Bill in the Lok Sabha to pave the way for introduction of GST.
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