You Searched For "GST compensation" and got 19 results
Sort By:
1 min read
9 important changes and key takeaways from the 53rd GST Council meeting
A compilation of all the significant measures and changes announced by Finance Minister Nirmala Sit…
2 mins read
GST revenue collection for April 2024 highest ever at Rs 2.1 lakh crore
The Gross Goods and Services Tax (GST) collections surged to a record high of Rs 2.10 lakh crore in…
ANI
2 mins read
Union Finance Minister Sitharaman chairs pre-budget meeting with finance ministers of states, UTs; GST Council to meet later today
Union finance minister Nirmala Sitharaman will be presiding over the meeting. The state ministers, …
ANI
2 mins read
Centre releases ₹17,000 cr as GST compensation to States/UTs
Goods and Services Tax was introduced in the country with effect from July 1, 2017 and states were …
ANI
2 mins read
Auto stocks recover after Gadkari clarifies his '10% additional GST on diesel vehicles' comment
The auto index, Nifty Auto, recovered from its 400 point or approximately 2.5% fall after Union M…
2 mins read
13 states decide on GST compensation — only Manipur opts for borrowing entire shortfall in one go
Out of the 13, 12 states have opted for the first option, under which the Union government has o…
3 mins read
States not choosing GST compensation options by October will have wait another two years
The sources said that such states will have to wait till June 2022 to get compensation dues, sub…
2 mins read
Jharkhand is the only state holding out against the Indian government's suggested formula on GST compensation
With Chhattisgarh communicating its acceptance of Option-1 to meet the revenue shortfall arising ou…
2 mins read
GST Council likely to approve two-year extension of compensation cess levy
As the Council is likely to adopt the compensation formula suggested by t he Centre in the dif…
2 mins read
Government allows 20 states to meet GST compensation shortfall through open market borrowing
Even with consensus eluding the GST Council meeting on Monday over adoption of borrowing option to …
2 mins read
GST council and states fail to reach consensus on compensation cess — 'No dispute, we may have differences,' says Sitharaman
“There is no dispute, we may have differences,” said Sitharaman. According to her, most of the s…
2 mins read
GST Council gives two options to bridge compensation shortfall — states ask for seven working days to make up their mind
The Finance Ministry estimates the shortfall in cess collection this year will be around ₹2,35…
3 mins read
Government's new GST compensation formula may raise unconditional borrowing limit by 0.5%
Government sources said that the unconditional borrowing limit for states could be raised by ano…
4 mins read
GST Council meet on Thursday to figure out how states will be compensated for delays in payment
"The Council will meet tomorrow with a single-point agenda to discuss the compensation cess. A…
2 mins read
8th weekly instalment of ₹6,000 crore released to states meet the GST compensation shortfall
Ministry of Finance has released the 8th weekly instalment of ₹6,000 crore to the states to meet th…
2 mins read
GST compensation deadlock continues — government to release ₹20,000 crore cess tonight and offers relief for small companies
The 42nd meeting of the GST Council led by Finance Minister Nirmala Sitharaman stretched over seven…
2 mins read
Government needs to work on re-establishing trust with states, says former finance minister P Chidambaram
"I welcomed the change of heart," he tweeted and asked the Centre to clarify how the debt of states…
PTI
1 min read
GST collections slide month-on-month to ₹1.49 lakh crore in February
Goods and Services Tax (GST) collections in February, 2023 stood at Rs 1,49,577 crore, lower than R…
2 mins read
All 28 states and three union territories decided to go for Centre's GST compensation formula
All the 28 states and three union territories with legislature have decided to go for the Centre-su…