Karnataka has been at the forefront among the states in seeking an extension of GST compensation on grounds that its tax revenues have not ...

Karnataka has been on the forefront among the states in seeking an extension of GST compensation on grounds that its tax revenues have not ...

In 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...

"The economic impact of the pandemic has led to higher compensation requirement due to lower GST collection and at the same time lower coll...

The 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...

Asked about the kind of expenditure budgeted for the compensation, Sitharaman said, "I can't tell you off the cuff.These are amounts which ...

“We will request for a reduction in GST rates on these items, not complete waiver of taxes,” Home Minister Basavaraj Bommai, who represents...

Karnataka - 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...

The Centre is required to compensate states for any revenue loss they suffer due to switch to the GST regime.

In 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...

Two 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...

"There is no way to determine exact loss due to pandemic or recession or implementation. GST Compensation Act mandates Centre to pay the ga...

The GST Council, which met on August 27 to discuss the subject of GST compensation payable to states, placed two options before the 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,” ...

The highest compensation was given to Maharashtra at Rs 19,233 crore followed by Karnataka at Rs 18,628 crore, the finance ministry said in...

This week, the Central government approved second installment of Rs 699 crore for the flood relief work. With it, the total compensation am...

All efforts are being made to minimise the revenue leak, but Karnataka has found certain fundamental structural reasons for this deficit.