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GST COMPENSATION LOANS
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 eachThe case dates back to 2010 when the two homebuyers had made bookings for 3BHK flats in a housing society project initially proposed in Noi...- 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 ...
- YSRCP flags 'discrepancies' in Andhra borrowings dataAndhra Pradesh opposition leader Botcha Satyanarayana has accused the state government of misleading the Legislative Council. He claims inc...
- Cess on pan masala to fetch Rs 14,000 cr in FY27The government will collect Rs 14,000 crore from a new health and national security cess on pan masala in the next fiscal year. This cess, ...
- Bill to replace tobacco cess with new levy in winter sessionThe central government might present a bill during Parliament's winter session. This bill focuses on imposing a levy on tobacco products. I...
- No cause for concern over sufficiency of GST cess fund: Finance MinistryThe finance ministry assures there is no concern regarding the sufficiency of the GST compensation cess fund. It is on track to meet all ob...
- MoS Finance likely to be convenor of GoM on GST compensation cessA Group of Ministers led by Union Minister Pankaj Chaudhary will rework the GST compensation cess nomenclature. The panel will suggest how ...
- GST Council meet to discuss rate rationalisation on September 9, final decision later: FMFinance Minister Nirmala Sitharaman announced that the upcoming GST council meeting will address the rationalisation of tax rates, includin...
- Centre may prepay market loans taken to compensate states for GST revenue loss during Covid yearsThe compensation cess was initially brought in for five years to make up the revenue shortfall of states, following the implementation of t...
- GST Council to discuss on apportioning, renaming compensation cess beyond March 2026The GST Council will discuss the future of the compensation cess on luxury and demerit goods collected to repay loans taken by the Indian g...
- Government notifies GST compensation cess extension to March 2026GST Compensation Cess is levied by the Goods and Services Tax (Compensation to States) Act 2017. The object of levying this cess is to comp...
- 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...
- GST compensation cess period already extended till March 2026: FM Nirmala SitharamanThe Union Minister was responding to a query on Karnataka Chief Minister Basavaraj Bommai's statement requesting the Centre to extend the G...
- Centre committed to compensate states for 5 yrs for revenue loss due to GST roll out: FM Nirmala SitharamanGST, which subsumed indirect taxes like excise duty, service tax and VAT, was rolled out from July 1, 2017. The five year period for compen...
- About Rs 52,000 cr GST compensation pending to states till Sept: Finance MinistryGiving details of Goods and Services Tax (GST) compensation released and pending to be released as on November 24, 2021, Minister of State ...
- Centre releases Rs 17,000 crore as GST compensation to statesAs per the decision of GST Council, back to back loan of Rs.1.59 lakh crore has already been released in lieu of shortfall in release of GS...
- Centre releases Rs 40,000 crore to States/UTs to meet GST compensation shortfallEarlier on 15th July, 2021 an amount of Rs 75,000 crore was released to the States & UTs with legislature. This release is in addition to n...
- Opposition-ruled states demand extension of GST compensation regime beyond June 2022The Centre has estimated the shortfall in GST compensation payable to states in the current fiscal year at Rs 2.59 lakh crore, of which abo...
- Rs 81,179 crore due to states as GST compensation for FY21"The economic impact of the pandemic has led to higher compensation requirement due to lower GST collection and at the same time lower coll...
- Centre releases Rs 30,000 crore as GST compensation for FY21Finance Minister Nirmala Sitharaman had said last week in Rajya Sabha during her reply in Budget session that states will get Rs 30,000 cro...
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