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GST COMPENSATION FUND
Rs 10.9 lakh crore burden: Iran shock can take a load off India's backRising oil prices triggered by the Iran conflict are pushing India to accelerate its shift away from fossil fuels, with the government fast...- YSRCP flags 'discrepancies' in Andhra borrowings dataAndhra Pradesh opposition leader Botcha Satyanarayana has accused the state government of misleading the Legislative Council. He claims inc...
- Raghav Chadha betrayed people's mandate by ignoring state's issues in Parliament: Punjab AAPPunjab AAP leaders accuse Rajya Sabha MP Raghav Chadha of neglecting state issues in Parliament. They claim he failed to raise critical mat...
- Piyush Goyal questions Tamil Nadu finances, unveils white paper, attacks DMK over 'family rule'Union Minister Piyush Goyal has sharply criticized the DMK government in Tamil Nadu. He questioned Chief Minister MK Stalin about the state...
- 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 ...
- Politicising GST Council decisions an insult to federal body: Sitharaman in RSReplying to a supplementary during the Question Hour by NCP leader Vandana Chavan for asking why non-BJP states have higher GST compensatio...
- 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...
- Over Rs 2.06 lakh crore GST compensation to states due for Apr-NovThe balance GST compensation for the period April-May 2020 and for the full period June-November''20 is pending to all states/UTs due to in...
- GST compensation cess states revenue, Centre can't borrow against it: FinMin sourcesThe revenue accruing from GST compensation cess goes to the states and the Centre cannot borrow on the security of the tax which it does no...
- Tamil Nadu AIADMK govt, flags concerns with Centre's options over GST duesTN CM Edappadi Palaniswami, in his letter has urged to the finance ministry to agree to a mechanism in which the government of India raised...
- 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...
- 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 can take call on borrowing from market to compensate states: Attorney GeneralUnder the GST framework, any decision on compensation and how it needs to be provided rests with the council, according to a person familia...
- 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 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...
- GST compensation fund likely to fall short by Rs 25,000 cr in current fiscal: ICRAICRA said the GST compensation fund may see a shortfall of Rs 15,000-25,000 crore for 2019-20. The Centre by law has to pay the states at 1...
- Centre to get greater chunk in residual GST Compensation FundAs per earlier provisions, 50% of the excess amount was to be devolved between Centre and States as per statute while the rest would have t...
- Centre to compensate states every quarter for GST revenue lossAny excess amount after the end of five year tenure in the 'GST Compensation Fund' so created, would be divided between Centre and states, ...
- 14th Finance Commission calls for autonomous and independent GST compensation fundIn the case of value-added tax, compensation was provided to the states for three years, at 100% in the first year, 75% in the second year.
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