Gst Compensation Law

Kerala will be receiving GST (Goods and Services Tax) compensation of over Rs 13,000 crore and another one-time grant of over Rs 19,000 crore in the current fiscal ending March 2022, he noted.

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.

The landmark national services tax which is to be introduced in July has still not got the approval of the Shiv Sena, a key member of Prime Minister Narendra Modi's coalition government. The Goods and Services Tax or GST, which replaces a jumble of levies, often varying from one state to another, has been made law by parliament.

After an eight-hour debate, the Lok Sabha on Wednesday passed four GST or Goods and Services Tax-related bills putting the government on course for the launch on July 1 of the country's biggest tax reform since Independence. GST will subsume a slew of indirect taxes levied by the Centre and states, transforming India into a single market. The bills...

Parliament will today debate and vote on four supporting bills crucial to the implementation of the Goods and Services Tax, which will subsume a slew of indirect taxes currently levied by the centre and states. On the table in the Lok Sabha is the Central Goods and Services Tax (CGST) Bill, 2017, along with three other related bills, providing for ...

Four Bills related to the Goods and Services Tax or GST will be debated in the Lok Sabha or lower house of Parliament today, as the government pushes to meet a July 1 launch date for the unified tax regime that subsumes a slew of indirect taxes at the centre and in states. Seven hours have been allotted for today's debate, which is likely to begin ...

The Centre wants to bring these bills in the second half of the Budget session that starts next week as it wants to stick to the July 1 deadline to rollout GST.

The all-powerful GST Council will meet again on March 4 and 5 to approve the legally vetted draft of the supporting legislations for Central GST (C-GST) and Integrated GST (I-GST), days before the start of the second leg of the Budget Session where the Centre is hoping to get them approved.

The government is keen to roll out the Goods and Services Tax (GST) from July 1, 2017.

Also, coastal states pressed for rights to levy GST on trade of goods within 12 nautical miles offshore, holding up finalising of the draft law for levy of Integrated-GST (IGST) on inter-state trade.

Union minister Arun Jaitley today said most of the issues in the Implementation of Goods and Services have been sorted out and he is hopeful that they will meet the April 1, 2017.

With several states suggesting changes in the model GST law and compensation formula, the GST Council meeting scheduled for November 25 has been postponed to December 2-3.

With several states suggesting changes in the model GST and compensation laws, the GST Council meeting scheduled for November 25 has been postponed to December 2-3.

The central government's efforts to implement the Goods and Services Tax or GST law from April 1 next year is about to enter a critical phase. Starting today, the three-day meeting of the GST Council will take a decision on the tax bands and iron out issues like compensation formula for the new indirect tax regime.

Kerala will be receiving GST (Goods and Services Tax) compensation of over Rs 13,000 crore and another one-time grant of over Rs 19,000 crore in the current fiscal ending March 2022, he noted.

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.

The landmark national services tax which is to be introduced in July has still not got the approval of the Shiv Sena, a key member of Prime Minister Narendra Modi's coalition government. The Goods and Services Tax or GST, which replaces a jumble of levies, often varying from one state to another, has been made law by parliament.

After an eight-hour debate, the Lok Sabha on Wednesday passed four GST or Goods and Services Tax-related bills putting the government on course for the launch on July 1 of the country's biggest tax reform since Independence. GST will subsume a slew of indirect taxes levied by the Centre and states, transforming India into a single market. The bills...

Parliament will today debate and vote on four supporting bills crucial to the implementation of the Goods and Services Tax, which will subsume a slew of indirect taxes currently levied by the centre and states. On the table in the Lok Sabha is the Central Goods and Services Tax (CGST) Bill, 2017, along with three other related bills, providing for ...

Four Bills related to the Goods and Services Tax or GST will be debated in the Lok Sabha or lower house of Parliament today, as the government pushes to meet a July 1 launch date for the unified tax regime that subsumes a slew of indirect taxes at the centre and in states. Seven hours have been allotted for today's debate, which is likely to begin ...

The Centre wants to bring these bills in the second half of the Budget session that starts next week as it wants to stick to the July 1 deadline to rollout GST.

The all-powerful GST Council will meet again on March 4 and 5 to approve the legally vetted draft of the supporting legislations for Central GST (C-GST) and Integrated GST (I-GST), days before the start of the second leg of the Budget Session where the Centre is hoping to get them approved.

The government is keen to roll out the Goods and Services Tax (GST) from July 1, 2017.

Also, coastal states pressed for rights to levy GST on trade of goods within 12 nautical miles offshore, holding up finalising of the draft law for levy of Integrated-GST (IGST) on inter-state trade.

Union minister Arun Jaitley today said most of the issues in the Implementation of Goods and Services have been sorted out and he is hopeful that they will meet the April 1, 2017.

With several states suggesting changes in the model GST law and compensation formula, the GST Council meeting scheduled for November 25 has been postponed to December 2-3.

With several states suggesting changes in the model GST and compensation laws, the GST Council meeting scheduled for November 25 has been postponed to December 2-3.

The central government's efforts to implement the Goods and Services Tax or GST law from April 1 next year is about to enter a critical phase. Starting today, the three-day meeting of the GST Council will take a decision on the tax bands and iron out issues like compensation formula for the new indirect tax regime.