Gst Compensation To States
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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 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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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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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.
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Government Releases Rs 6,000 Crore To States As GST Compensation
The Union Finance Ministry on Friday said it has released the 13th weekly instalment of Rs 6,000 crore to 23 states and three Union Territories (UTs) to meet the GST compensation shortfall.
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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.
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GST Compensation Worth Rs 52,000 Crores Due To States Till September
Approximately Rs 52,000 crores of Goods and Services Tax compensation was due to the states till September 2021, government has said
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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
-
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 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
-
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
-
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.
-
Government Releases Rs 6,000 Crore To States As GST Compensation
The Union Finance Ministry on Friday said it has released the 13th weekly instalment of Rs 6,000 crore to 23 states and three Union Territories (UTs) to meet the GST compensation shortfall.
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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.
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GST Compensation Worth Rs 52,000 Crores Due To States Till September
Approximately Rs 52,000 crores of Goods and Services Tax compensation was due to the states till September 2021, government has said
