Tag: GST compensation
GST NEWS
Haryana seeks Rs 5,840-cr GST compensation from Centre
According to an official statement, Haryana Deputy Chief Minister DushyantChautala had requested the Centre to pay GST compensation of Rs 5,840 crore at the earliest....
GST NEWS
Karnataka urges Centre to compensate for GST revenue loss
Karnataka had urged to the Centre to compensate for the GST revenue loss due to COVID-19 induced lockdown and floods in the state. The...
GST NEWS
GST Council likely to consider hiking cess on sin goods, amongst other options to garner funds for states’ compensation
The GST Council is set to discuss the three top suggestions to raise compensation funds. A source privy to the developments told CNBC-TV18 that...
GST NEWS
Karnataka awaiting Rs 13,763 crore GST compensation refund
The state of Karnataka has been waiting for its compensation from Centre between April to July amounting Rs.13,763 crore. Since the state is in...
GST NEWS
Prime Minister’s Office asks finance ministry to explain the GST payout mess
The Prime Minister office had asked the finance ministry the current financial situation in terms of revenue collection. The confusion had begin to spread...
GST NEWS
GST Council to discuss AG opinion on compensation: NirmalaSitharaman
The Finance Minister had said that Attorney General’s views on GST compensation were taken after consultation with the states. She had also said that...
GST NEWS
GST compensation: Some state FMs object to market borrowing proposal, suggest steps to shore up revenue
Some states have opposed the idea of borrowing bridge the revenue gap while some have suggested raising tax rate under GST. It was also...
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