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Nirmala Sitharaman Says All GST Compensation Dues Will Be Cleared
The government will clear the entire goods and services tax, or GST, compensation dues of Rs 16,982 crore from its own pocket today, Finance Minister Nirmala Sitharaman said after a meeting of the council that sets GST rates.
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West Bengal Says Centre Owes It Rs 2,409 Crore As GST Compensation
The West Bengal government on Friday night said the Centre owes it Rs 2,409.96 crore, responding to Union Finance Minister Nirmala Sitharaman's statement that the state has not sent GST compensation cess claim with accountant general (AG) certificate
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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.
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GST Rates, Compensation, Top Takeaways From Council Meeting: 10 Points
The Goods and Services Tax (GST) Council meeting ended its two-day deliberations today, where a host of issues like rate rationalisation, levying 28 per cent tax on online gaming and horse racing and the vexed issue of continuing GST compensation to states, were discussed.
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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.
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GST Rate Changes On Agenda; Status Quo On Over 215 Items Likely
GST Council Meet: Changes in GST rates on a handful of items likely and status quo in rates of over 215 items.
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GST Compensation Cess Levy Extended By Nearly Four Years; Until March 2026
The government has extended the time for levy of GST compensation cess by nearly 4 years till March 31, 2026.
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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
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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
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Government Clears Entire GST Compensation Dues To States
Government has cleared the entire Goods and Services Tax (GST) compensation payable till date by releasing Rs 86,912 crore to states
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GST Has Not Benefitted States' Tax Collections: Report
India Ratings has said GST has not helped states achieve the key objective of boosting their tax revenue
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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.
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Government's Tax Devolution May Exceed Budget Estimate In Current Fiscal: Report
The central tax devolution is likely to rise to Rs 9.3 lakh crore in 2022-23 from Rs 8.8 lakh crore in 2021-22
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"Finance Ministry Embarrassed PM On Day He...": P Chidambaram's GST Dig
Senior Congress leader P Chidambaram on Thursday took a dig at the Centre over the Rs 78,704 crore it owes to the states in GST compensation, saying it would be interesting to know why the Finance Ministry "embarrassed" Prime Minister Narendra Modi b
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States Need To Re-Prioritise Expenditure, Says SBI Report
Many states are spending high amounts on populist schemes and with the GST compensation ending in June, they need to re-prioritise their expenditure
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Nirmala Sitharaman Says All GST Compensation Dues Will Be Cleared
The government will clear the entire goods and services tax, or GST, compensation dues of Rs 16,982 crore from its own pocket today, Finance Minister Nirmala Sitharaman said after a meeting of the council that sets GST rates.
-
West Bengal Says Centre Owes It Rs 2,409 Crore As GST Compensation
The West Bengal government on Friday night said the Centre owes it Rs 2,409.96 crore, responding to Union Finance Minister Nirmala Sitharaman's statement that the state has not sent GST compensation cess claim with accountant general (AG) certificate
-
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.
-
GST Rates, Compensation, Top Takeaways From Council Meeting: 10 Points
The Goods and Services Tax (GST) Council meeting ended its two-day deliberations today, where a host of issues like rate rationalisation, levying 28 per cent tax on online gaming and horse racing and the vexed issue of continuing GST compensation to states, were discussed.
-
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 Rate Changes On Agenda; Status Quo On Over 215 Items Likely
GST Council Meet: Changes in GST rates on a handful of items likely and status quo in rates of over 215 items.
-
GST Compensation Cess Levy Extended By Nearly Four Years; Until March 2026
The government has extended the time for levy of GST compensation cess by nearly 4 years till March 31, 2026.
-
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
-
Government Clears Entire GST Compensation Dues To States
Government has cleared the entire Goods and Services Tax (GST) compensation payable till date by releasing Rs 86,912 crore to states
-
GST Has Not Benefitted States' Tax Collections: Report
India Ratings has said GST has not helped states achieve the key objective of boosting their tax revenue
-
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.
-
Government's Tax Devolution May Exceed Budget Estimate In Current Fiscal: Report
The central tax devolution is likely to rise to Rs 9.3 lakh crore in 2022-23 from Rs 8.8 lakh crore in 2021-22
-
"Finance Ministry Embarrassed PM On Day He...": P Chidambaram's GST Dig
Senior Congress leader P Chidambaram on Thursday took a dig at the Centre over the Rs 78,704 crore it owes to the states in GST compensation, saying it would be interesting to know why the Finance Ministry "embarrassed" Prime Minister Narendra Modi b
-
States Need To Re-Prioritise Expenditure, Says SBI Report
Many states are spending high amounts on populist schemes and with the GST compensation ending in June, they need to re-prioritise their expenditure
