Compensation To States For Gst
- All
- News
- Videos
-
Government to Finalise GST Rates on Online Gaming in August: FM Nirmala Sitharaman
Finance Minister Nirmala Sitharaman mentioned that the GST rates on online gaming, horse racing and casinos will be finalised in the 48th GST Council Meeting which will be held in August in Madurai. She also added that the compensation can be continued at least for a few years.
-
Key Deliberations At GST Council Meet In 10 Points
The GST Council on Tuesday approved changes in tax rates on some goods and services while allowing states to issue an e-way bill for intra-state movement of gold and precious stones, officials said. It was the first day of the two-day meeting of the GST Council which is headed by Finance Minister Nirmala Sitharaman, and is going on in Chandigarh.
-
GST Council Meet: States To Push For Compensation Beyond June
To meet the shortfall in the GST compensation fund, the Centre has borrowed and released to states Rs 1.1 lakh crore in 2020-21
-
GST Faces Its Biggest Challenge Yet After A Big Court Ruling
Several states are pressuring the ruling government to extend a program to continue compensation for losses from Goods and Services Tax (GST)or risk a stalemate in attempts to further simplify the structure
-
Extend GST Compensation Period For Another 3 Years: Congress To Centre
The Congress on Saturday demanded that the Centre extend the GST compensation period for three years, asserting that the states' fiscal position is fragile as never before and this needs urgent remedial measures.
-
GST Council Proposes An End To 5% Rate And Move It To 3% And 8% Tax Slab: Report
With most states on board to raise revenue so that they do not have to depend on Centre for compensation, the GST Council at its meeting next month is likely to consider a proposal to do away with the 5 per cent slab by moving some goods of mass consumption to 3 per cent and the remaining to 8 per cent categories, sources said.
-
GST Compensation Worth Over Rs 53,600 Crore Due To States This Fiscal: Nirmala Sitharaman
Over Rs 53,600 crore of GST compensation for the current fiscal is yet to be released to the states, Finance Minister Nirmala Sitharaman said in the Rajya Sabha on Tuesday.
-
Centre Must Release GST Dues For States To Reduce VAT On Fuel: Sharad Pawar
Nationalist Congress Party chief Sharad Pawar today demanded the release of GST compensation to the states for them to reduce value-added tax (VAT) on fuel. His remarks come days after the Centre reduced the excise duty on petrol and diesel.
-
GST Council Decides To Extend Compensation Cess Till March 2026
The Goods and Services Tax (GST) Council on Friday decided to extend compensation cess till March 2026 for repaying loans. "Detailed financial statements have been worked out, based on which we learn that cess will have to be collected till March 2026, purely to pay back loans taken between 2020-21 and 2021-22," Finance Minister Nirmala Sitharaman ...
-
Karnataka Demands Extension Of GST Compensation To States Beyond 2022
Amid fall in state revenue and GST collection in view of COVID-19 crisis, Karnataka Chief Minister Basavaraj S Bommai on Thursday demanded the Centre to extend the GST compensation period to states beyond 2022, for three more years.
-
Good GST Returns, Proactive Fiscal Policy Can Spur Growth: SBI Report
SBI said in its report that the space for monetary accommodation is over and only a proactive fiscal policy can rekindle animal spirits and growth.
-
GST Council To Discuss Tax Rate On COVID Essentials, Compensation To States
The Council, which is headed by Union Finance Minister Nirmala Sitharaman and includes representatives of all states and Union territories, is meeting for the first time in nearly eight months.
-
GST Deadlock Continues, Centre Says It's Releasing Rs 20,000 Crore
GST compensation due to state governments for this year - around Rs 20,000 crore - will be released, Finance Minister Nirmala Sitharaman had said on Monday night after a marathon meeting of the 42nd GST Council.
-
No "Diversion" Of GST Compensation, Says Centre After Auditor's Report
Sources in the Finance Ministry have dismissed allegations ofa "diversion" of Rs 47,271 crore from the GST Compensation Cess Fund and saidall amounts due to state and union territories for 2017/18 and 2018/19 had been fully paid
-
13 States Opt For Centre's "Borrow" Plan Amid GST Compensation Row
Thirteen states have given their borrowing options proposed by the goods and services tax council to meet shortfall in compensation from the centre amid the coronavirus pandemic, sources in the Finance Ministry have said. Six more states - Goa, Assam, Arunachal Pradesh, Nagaland, Mizoram and Himachal Pradesh - will give their option in a day or two...
-
Government to Finalise GST Rates on Online Gaming in August: FM Nirmala Sitharaman
Finance Minister Nirmala Sitharaman mentioned that the GST rates on online gaming, horse racing and casinos will be finalised in the 48th GST Council Meeting which will be held in August in Madurai. She also added that the compensation can be continued at least for a few years.
-
Key Deliberations At GST Council Meet In 10 Points
The GST Council on Tuesday approved changes in tax rates on some goods and services while allowing states to issue an e-way bill for intra-state movement of gold and precious stones, officials said. It was the first day of the two-day meeting of the GST Council which is headed by Finance Minister Nirmala Sitharaman, and is going on in Chandigarh.
-
GST Council Meet: States To Push For Compensation Beyond June
To meet the shortfall in the GST compensation fund, the Centre has borrowed and released to states Rs 1.1 lakh crore in 2020-21
-
GST Faces Its Biggest Challenge Yet After A Big Court Ruling
Several states are pressuring the ruling government to extend a program to continue compensation for losses from Goods and Services Tax (GST)or risk a stalemate in attempts to further simplify the structure
-
Extend GST Compensation Period For Another 3 Years: Congress To Centre
The Congress on Saturday demanded that the Centre extend the GST compensation period for three years, asserting that the states' fiscal position is fragile as never before and this needs urgent remedial measures.
-
GST Council Proposes An End To 5% Rate And Move It To 3% And 8% Tax Slab: Report
With most states on board to raise revenue so that they do not have to depend on Centre for compensation, the GST Council at its meeting next month is likely to consider a proposal to do away with the 5 per cent slab by moving some goods of mass consumption to 3 per cent and the remaining to 8 per cent categories, sources said.
-
GST Compensation Worth Over Rs 53,600 Crore Due To States This Fiscal: Nirmala Sitharaman
Over Rs 53,600 crore of GST compensation for the current fiscal is yet to be released to the states, Finance Minister Nirmala Sitharaman said in the Rajya Sabha on Tuesday.
-
Centre Must Release GST Dues For States To Reduce VAT On Fuel: Sharad Pawar
Nationalist Congress Party chief Sharad Pawar today demanded the release of GST compensation to the states for them to reduce value-added tax (VAT) on fuel. His remarks come days after the Centre reduced the excise duty on petrol and diesel.
-
GST Council Decides To Extend Compensation Cess Till March 2026
The Goods and Services Tax (GST) Council on Friday decided to extend compensation cess till March 2026 for repaying loans. "Detailed financial statements have been worked out, based on which we learn that cess will have to be collected till March 2026, purely to pay back loans taken between 2020-21 and 2021-22," Finance Minister Nirmala Sitharaman ...
-
Karnataka Demands Extension Of GST Compensation To States Beyond 2022
Amid fall in state revenue and GST collection in view of COVID-19 crisis, Karnataka Chief Minister Basavaraj S Bommai on Thursday demanded the Centre to extend the GST compensation period to states beyond 2022, for three more years.
-
Good GST Returns, Proactive Fiscal Policy Can Spur Growth: SBI Report
SBI said in its report that the space for monetary accommodation is over and only a proactive fiscal policy can rekindle animal spirits and growth.
-
GST Council To Discuss Tax Rate On COVID Essentials, Compensation To States
The Council, which is headed by Union Finance Minister Nirmala Sitharaman and includes representatives of all states and Union territories, is meeting for the first time in nearly eight months.
-
GST Deadlock Continues, Centre Says It's Releasing Rs 20,000 Crore
GST compensation due to state governments for this year - around Rs 20,000 crore - will be released, Finance Minister Nirmala Sitharaman had said on Monday night after a marathon meeting of the 42nd GST Council.
-
No "Diversion" Of GST Compensation, Says Centre After Auditor's Report
Sources in the Finance Ministry have dismissed allegations ofa "diversion" of Rs 47,271 crore from the GST Compensation Cess Fund and saidall amounts due to state and union territories for 2017/18 and 2018/19 had been fully paid
-
13 States Opt For Centre's "Borrow" Plan Amid GST Compensation Row
Thirteen states have given their borrowing options proposed by the goods and services tax council to meet shortfall in compensation from the centre amid the coronavirus pandemic, sources in the Finance Ministry have said. Six more states - Goa, Assam, Arunachal Pradesh, Nagaland, Mizoram and Himachal Pradesh - will give their option in a day or two...
