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GST COMPENSATION PAYMENT
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...- High Court says no to 'coercive action' against IndiGoThe Delhi High Court has stopped the GST department from taking action against IndiGo's parent company. This is regarding a ₹458 crore GST ...
- SC reviews GST on costs paid to municipal bodiesThe Supreme Court will review if GST applies to companies paying municipal bodies for road restoration after utility work. This follows a G...
- Bombay HC quashes Rs 1,524 crore proposed GST demand on Tata Sons in Docomo arbitration payout caseThe Bombay High Court quashed a Rs 1,524 crore GST demand against Tata Sons, ruling that payments made to NTT Docomo as an arbitration awar...
- DGGI officers arrest Kapil Chugh over Rs 1,825 cr GST refund fraudDGGI officers have arrested Kapil Chugh, the alleged mastermind behind an Rs 1,825 crore GST refund fraud. Chugh, who evaded multiple summo...
- 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...
- 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...
- 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...
- States' indebtedness to hit decade-high of 36% of GSDP: CRISILWhile all revenue sources are expected to take a hit, CRISIL said 65% of the total decline would be attributable to the fall in state GST c...
- Centre used GST funds elsewhere, violated the law: Comptroller Auditor General“Audit examination of information in Statements 8, 9 and 13 with regard to collection of the cess and its transfer to the GST Compensation ...
- 41st GST Council meeting: Differences emerge between Centre, states over compensation deficitA source privy to the developments said that the ongoing meeting may not be adequate to address the issue. States including Punjab and Kera...
- 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...
- States may have to borrow as AG says Centre not obligated to pay for GST compensation shortfallSources said the AG in his view has said there is no obligation on the central government to pay the GST compensation shortfall from its co...
- 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...
- Centre to release another Rs 35,000 cr compensation to states soonUnder the Goods and Services Tax (GST) law, states are guaranteed compensation for revenue loss for 5 years if their revenue does not incre...
- FM Nirmala Sitharaman says centre committed to paying GST compensation; does not give timelineDuring the debate in the Rajya Sabha on the bill seeking Parliamentary nod for additional or supplementary spending in the current fiscal, ...
- GST Council to meet tomorrow to discuss rules, exemptionsAt the last meeting of the council, four alternatives came up for discussion for compensating states for loss of revenue after implementati...
- Odisha demands CST compensation on implementation of GSTThe GST implementation will bring uniform tax rate throughout the country and will help in seamless movement of goods and services across t...
- 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...
- Sushil Kumar Modi writes to Pranab Mukherjee on GST"The payment of the GST compensation to the states has not been resolved to affect its implemenation," Modi said in a letter to Mukherjee t...
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