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COMPENSATION FOR CST CUT
Action on release of 'central sales tax' claims under considerationGovernment today said action on release of outstanding central sales tax claims of states is under consideration.- Budget 2013: FM P Chidambaram may set aside Rs 12,000 crore for GST rolloutFinance minister P Chidambaram has also mandated the empowered committee of state finance ministers to ready a draft of the GST law.
- States agree to accept reduced compensation on CST lossThe decision in this regard was taken at the meeting of Empowered Committee of Finance Ministers here chaired by Bihar Deputy CM and FM Sus...
- Settle CST compensation issue before demitting office, states request finance minister Pranab MukherjeeStates have asked Pranab Mukherjee to resolve the contentious issue of compensation for reduction in central sales tax (CST) rate.
- Govt sets up committee to sort out differences over CST compensationA committee has been set up to iron out the differences over the states' demands of compensation for reduction in Central Sales Tax (CST) r...
- States talk 2013 date for GST rollout as centre agrees to review CST paymentsThe Centre has offered to review the compensation formula for the central sales tax, brightening prospects for the key indirect tax reform.
- Pranab Mukherjee, Sushil Modi to talk central sales tax payment todayState governments are upset with provision of mere 300 crore as compensation towards CST in the budget 2012-13 as against their overall dem...
- Even Congress-ruled states claim compensation for CST cutDelhi, which has been administered by the Congress since 1998, has raised a compensation package of 993 crore for the same period.
- Centre must compensate for CST cut: Sushil ModiCST was reduced to 2% over 3-years ago. "Now the Centre has to compensate states for the loss in their revenue because of this reduction," ...
- April may not see 1% cut in CSTUncertainty looms large over 1% cut in central sales tax (CST) from April 1 this year.
- CST cut still taxing on compensation rowUncertainty looms large over the reduction of central sales tax (CST) from 3% to 2% from May 1, with the Centre and states yet to agree on ...
- Punjab, Haryana project Rs 650 cr loss due to CST cutPunjab and Haryana have projected revenue loss of Rs 150 crore and Rs 500 crore respectively due to the proposed cut in Central Sales Tax r...
- CST in fadeout lane, cut to 3% from AprilThe Union Cabinet on Thursday gave its approval for initiating the process of phasing out of central sales tax (CST) with an initial reduct...
- States against taxing sensitive servicesSources say 44 new services like legal, education and sports would be given to states for the purpose of tax.
- Central sales tax to be cut by 1% to 3% from AprilTo compensate states for the resulting revenue loss, they would be permitted to tax 44 new services currently outside the service tax net a...
- CST cut subject to package from CentreThe official panel on VAT said on Satarday that the phasing out of CST from October this year depends on the compensation package to be pro...
- VAT panel: phase out CST in 4 yearsThe official committee on Value- Added Tax has agreed to phase out Central Sales Tax (CST) in four years instead of two.
- FM to again push for VAT rolloutThe Centre has clearly not given up hopes on introducing state-level VAT from April 1.
- Govt promised to make up loss in state revenue due to CST cutVAT's the matter? The FM's decision to rollback VAT has clearly caught states on the backfoot. It was pretty clear that VAT would be in for...
- Govt to bear states' entire sales tax cut burdenThe Centre has decided to grant 100% compensation to states for the revenue loss arising from the proposed reduction in central sales tax. ...
Load More- Settle CST compensation issue before demitting office, states request finance minister Pranab Mukherjee
