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GST COMPENSATION SHORTFALL
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...- Finance ministry releases Rs 75,000 crore to states and UTs, nearly half of FY22 GST compensation shortfallThe amount was part of the back-to-back loan facility provided to the states and UTs with legislature in lieu of the expected shortfall in ...
- 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...
- States may face Rs 3 lakh crore GST compensation shortfall in FY22: ReportIn FY21, the states were facing a shortfall of Rs 1.1 lakh crore in GST compensation from the Centre but over 90 per cent of that amount ha...
- Government releases full Rs 1.1 lakh crore to states for GST compensation shortfallRatings agency ICRA estimated that GST compensation requirement of the state governments for FY2022 would be at Rs 2.7-3.0 lakh crore, and ...
- Centre releases Rs 1.04 lakh crore GST compensation shortfall to states since OctoberThe ministry on Monday released the 18th weekly instalment of Rs 4,000 crore to 23 states and 3 Union territories with Legislative Assembly...
- Centre releases 17th installment of Rs 5000 crore to states to meet GST compensation shortfallOut of this, an amount of Rs 91,460.34 crore has been released to the States and an amount of Rs 8,539.66 crore has been released to the 3 ...
- Centre releases 14th installment of Rs 6,000 crore to states to meet GST compensation shortfallOf this amount, Rs 76,616.16 crore has been released to the States and an amount of Rs 7,383.84 crore has been released to the 3 UTs with L...
- FinMin releases weekly instalment of Rs 6,000 cr to states to meet GST shortfallThe finance ministry in a statement said it has released the 13th weekly instalment of Rs 6,000 crore to the states to meet the GST compens...
- Centre releases 11th installment of Rs 6000 crore to states to meet GST compensation shortfallOf this amount, Rs 5,516.60 crore was released to 23 states and Rs 483.40 crore to Delhi and the Union Territories of Jammu & Kashmir and P...
- Centre releases 10th installment to states to meet GST compensation shortfallOf this, an amount of Rs 5,516.60 crore has been released to 23 states and Rs 483.40 crore to Delhi and the union territories of Jammu & Ka...
- 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...
- GST compensation shortfall: Kerala may take Option 1 under protest“If there’s no other option then we will also accept, but under protest and we will continue to raise the issue at the GST Council… There w...
- Rajasthan takes Rs 1.1 lakh crore option to meet GST compensation shortfallThe finance ministry said in a statement on Thursday that Rajasthan will get Rs 4,604 crore through special borrowing window and will be pe...
- GST shortfall: Centre borrows, transfers Rs 6,000 crore to 16 states, two union territoriesThe finance ministry said that the Centre would borrow from the market to pay the GST compensation shortfall of Rs 1.1 lakh crore to states...
- GST: 12 states accept centre’s Rs 97,000 crore borrowing optionSix more states - Goa, Assam, Arunachal Pradesh, Nagaland, Mizoram and Himachal Pradesh - will be giving their option in a day or two, fina...
- GST compensation fund, cess can stay beyond 5 years if steep fall in revenue continues: Attorney GeneralThe country’s top law officer, however, said any decision to extend the cess beyond the five-year period would require endorsement by a thr...
- GST Council to discuss Attorney General's opinion on compensation: FM SitharamanUnder the GST structure, taxes are levied under 5 per cent, 12 per cent, 18 per cent and 28 per cent slabs. On top of the highest tax slab,...
- 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...
- 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...
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