Gst Compensation
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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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Opposition-Ruled States Demand Extension Of GST Compensation Regime
Finance ministers of Opposition-ruled states have demanded that the GST compensation cess regime be extended beyond June 2022.
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"My Compliments": Chidambaram Backs States' Refusal To Borrow In GST Row
Congress Rajya Sabha MP P Chidambaram has congratulated the 10 states that "stood firm and rejected" the central government's suggestion that they borrow money to offset GST compensation due to them
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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.
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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
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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...
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Attorney General To Be Consulted On Centre vs States GST Row, Again
The centre vs states stand-off over Rs 2.35 lakh crore due in GST compensation and Covid-related relief payments will be placed before the Attorney General, Finance Ministry officials told a parliamentary panel Friday afternoon
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States Need Hard Cash, "Words Of Comfort Have No Value": P Chidambaram On GST Compensation
Senior Congress leader P Chidambaram today said the Centre's reported proposal of giving "letter of comfort" to states to borrow money to bridge the GST compensation gap were "just words of comfort" on a piece of paper that has "no value".
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"Betrayal": Mamata Banerjee, 5 Other Chief Ministers Write To PM Over GST
The chief ministers of six non-BJP-ruled states have written to the centre to remind it of its "constitutional" responsibilities in the stand-off over the Rs 2.35 lakh crore shortfall in GST compensation and financial relief (from the pandemic) due to states. Mamata Banerjee (Bengal), Pinarayi Vijayan (Kerala), Arvind Kejriwal (Delhi), Edappadi K P...
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Centre Giving Up Responsibility Of Compensating States: Telangana On GST Dues
Telangana Chief Minister K Chandrasekhar Rao has urged Prime Minister Narendra Modi to drop the proposal asking the states to go for borrowing to meet the shortfall in the GST compensation and said the Centre can itself take up the entire financing.
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Take Loan To Pay GST Compensation To States: Chhattisgarh Chief Minister To Centre
Chhattisgarh Chief Minister Bhupesh Baghel on Monday asked the Centre to borrow loan and pay GST compensation due to states.
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"Destroying Centre-State Trust": Thomas Isaac on GST Compensation Row
Kerala Finance Minister Thomas Isaac has accused the central government of "undermining (the) federal structure" of the country and destroying its relationship with states, amid a row between centre and states over GST compensation
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States Should Reject Centre's Options On GST Compensation: P Chidambaram
Senior Congress leader P Chidambaram urged states to reject options given to them by the Centre over the GST compensation issue and demand money in one voice.
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Not Paying GST Compensation To States "Amounts To Sovereign Default": Congress
The Congress on Tuesday accused the Centre of committing a "sovereign default" by not paying GST compensation to states as mandated under the law and demanded that they be compensated soon.
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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
-
Opposition-Ruled States Demand Extension Of GST Compensation Regime
Finance ministers of Opposition-ruled states have demanded that the GST compensation cess regime be extended beyond June 2022.
-
"My Compliments": Chidambaram Backs States' Refusal To Borrow In GST Row
Congress Rajya Sabha MP P Chidambaram has congratulated the 10 states that "stood firm and rejected" the central government's suggestion that they borrow money to offset GST compensation due to them
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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...
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Attorney General To Be Consulted On Centre vs States GST Row, Again
The centre vs states stand-off over Rs 2.35 lakh crore due in GST compensation and Covid-related relief payments will be placed before the Attorney General, Finance Ministry officials told a parliamentary panel Friday afternoon
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States Need Hard Cash, "Words Of Comfort Have No Value": P Chidambaram On GST Compensation
Senior Congress leader P Chidambaram today said the Centre's reported proposal of giving "letter of comfort" to states to borrow money to bridge the GST compensation gap were "just words of comfort" on a piece of paper that has "no value".
-
"Betrayal": Mamata Banerjee, 5 Other Chief Ministers Write To PM Over GST
The chief ministers of six non-BJP-ruled states have written to the centre to remind it of its "constitutional" responsibilities in the stand-off over the Rs 2.35 lakh crore shortfall in GST compensation and financial relief (from the pandemic) due to states. Mamata Banerjee (Bengal), Pinarayi Vijayan (Kerala), Arvind Kejriwal (Delhi), Edappadi K P...
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Centre Giving Up Responsibility Of Compensating States: Telangana On GST Dues
Telangana Chief Minister K Chandrasekhar Rao has urged Prime Minister Narendra Modi to drop the proposal asking the states to go for borrowing to meet the shortfall in the GST compensation and said the Centre can itself take up the entire financing.
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Take Loan To Pay GST Compensation To States: Chhattisgarh Chief Minister To Centre
Chhattisgarh Chief Minister Bhupesh Baghel on Monday asked the Centre to borrow loan and pay GST compensation due to states.
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"Destroying Centre-State Trust": Thomas Isaac on GST Compensation Row
Kerala Finance Minister Thomas Isaac has accused the central government of "undermining (the) federal structure" of the country and destroying its relationship with states, amid a row between centre and states over GST compensation
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States Should Reject Centre's Options On GST Compensation: P Chidambaram
Senior Congress leader P Chidambaram urged states to reject options given to them by the Centre over the GST compensation issue and demand money in one voice.
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Not Paying GST Compensation To States "Amounts To Sovereign Default": Congress
The Congress on Tuesday accused the Centre of committing a "sovereign default" by not paying GST compensation to states as mandated under the law and demanded that they be compensated soon.
