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KARNATAKA GST COMPENSATION
GST states quo won't do: Post-GST revenue divide widens across IndiaNew CAG data reveals states are diverging in fiscal health post-GST. Some states are effectively building revenue capacity, while others ar...- GST: Karnataka CM Siddaramaiah bats for higher cess on tobacco products, luxe carsKarnataka Chief Minister Siddaramaiah has requested the central government to raise the cess on specific items. This includes cigarettes an...
- Centre clears Rs 8,800 cr GST dues: Karnataka CM Basavaraj BommaiRegarding extension of the GST compensation beyond five years, Bommai said the central government has made it clear that the GST compensati...
- Basavaraj Bommai confident about GST compensation, Siddaramaiah says its denial will cost Rs 20,000 crore to KarnatakaKarnataka has been at the forefront among the states in seeking an extension of GST compensation on grounds that its tax revenues have not ...
- Drop in GST revenues: Bommai says he’s confident GST council will extend compensationKarnataka has been on the forefront among the states in seeking an extension of GST compensation on grounds that its tax revenues have not ...
- Karnataka CM meets FM; demands extension of GST compensation to states for 3 more yearsIn the meeting, the CM informed Sitharaman that the state GST collection has not yet stabilised in view of COVID-19 crisis, and it would be...
- 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...
- FM Sitharaman has assured to release Karnataka's share of funds and pending GST compensation:BommaiThe state Home Minister said he also requested Sitharam to release the first instalment of the state's share in the GST collected in the fi...
- GST Council special session to be convened to discuss compensation-related issues: FMAsked about the kind of expenditure budgeted for the compensation, Sitharaman said, "I can't tell you off the cuff.These are amounts which ...
- GST Meet: Karnataka to seek tax relief on Covid related items“We will request for a reduction in GST rates on these items, not complete waiver of taxes,” Home Minister Basavaraj Bommai, who represents...
- Extend GST compensation period else Karnataka will become revenue deficit state: Congress MPKarnataka - which is expected to have a debt of over Rs 4 lakh crore at the end of this fiscal year - will become a revenue deficit state i...
- Delay in release of GST compensation hits state schemesThe Centre is required to compensate states for any revenue loss they suffer due to switch to the GST regime.
- Karnataka staring at Rs 65,000 crore drop in revenues, says ex-GST Council memberIn an interaction with ET on Thursday, Congress MLA Krishna Byre Gowda said the state’s GST shortfall this year is expected to be between R...
- Karnataka Cabinet to borrow 33,000 crore to tide over crisisTwo weeks ago, the Centre placed two options before the states to compensate for the sharp drop in the GST revenues due to the pandemic. Ka...
- GST compensation: Siddaramaiah attacks Yediyurappa, asks Centre to fill entire GST gap"There is no way to determine exact loss due to pandemic or recession or implementation. GST Compensation Act mandates Centre to pay the ga...
- 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....
- GST Compensation: Karnataka Congress says Centre should borrow & fund states“The Centre has to compensate states for the GST shortfall as laid down in the laws. It cannot transfer its responsibility to the states,” ...
- 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...
- Siddaramaiah slams Centre for pushing Karnataka to bankruptcyThis week, the Central government approved second installment of Rs 699 crore for the flood relief work. With it, the total compensation am...
- Karnataka's H D Kumaraswamy meets Arun Jaitley, seeks extension of GST compensation periodAll efforts are being made to minimise the revenue leak, but Karnataka has found certain fundamental structural reasons for this deficit.
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