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"Not Sitting With Huge Suitcase...": N Sitharaman On GST Compensation Demands
Responding to complaints from states that they will not be compensated for losses in revenue, if any, from the GST reforms, Nirmala Sitharaman has said the decision was taken by consensus in the GST council.
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At NDTV GST Conclave, BJP And Opposition Differ On Compensation, Responsibility
The finance minister of Punjab and Jharkhand and the industries minister of Delhi ensured a spirited start to the NDTV GST Conclave on Tuesday, with their panel discussion on 'Matters of States' witnessing a heated debate on the GST reforms.
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"States Need To Be Compensated For Revenue Losses": P Chidambaram On GST Move
P Chidambaram -- Congress's former Union Minister who handled the finance portfolio -- said today that while the rationalisation of the Goods and Services Tax law is welcome, it is eight years too late.
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GST Revamp: How Opposition-Ruled States Came On Board
The rationalisation of Goods and Services tax, done eight years after the flagship reforms were initiated, took place after a clear directive from Prime Minister Narendra Modi delivered from the ramparts of the Red Fort on Independence Day.
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Opposition States Seek Compensation For Revenue Loss Due To GST Reform Proposal
Opposition-ruled states on Friday said the Centre's proposal for GST rate reforms could result in a revenue loss of about Rs 1.5 crore to Rs 2 lakh crore and demanded compensation for the losses incurred by them.
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Himachal Invokes Kyoto Protocol To Demand GST Compensation From Centre
The Himachal Pradesh government on Saturday urged the Centre to make some arrangement for hilly states in lieu of the revenue loss due to GST implementation and sought compensation on the pattern of the Kyoto protocol.
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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 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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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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"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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Centre Must Release GST Dues For States To Reduce VAT On Fuel: Sharad Pawar
Nationalist Congress Party chief Sharad Pawar today demanded the release of GST compensation to the states for them to reduce value-added tax (VAT) on fuel. His remarks come days after the Centre reduced the excise duty on petrol and diesel.
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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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Karnataka Demands Extension Of GST Compensation To States Beyond 2022
Amid fall in state revenue and GST collection in view of COVID-19 crisis, Karnataka Chief Minister Basavaraj S Bommai on Thursday demanded the Centre to extend the GST compensation period to states beyond 2022, for three more years.
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Rs 29, 290 Crore GST Compensation Due From Centre: Maharashtra Governor
Maharashtra Governor Bhagat Singh Koshyari on Monday said out of Rs 46,950 crore due to the state government as GST compensation, the Centre has paid just Rs 6,140 crore and Rs 11,520 crore as loan by the end of February.
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"Not Sitting With Huge Suitcase...": N Sitharaman On GST Compensation Demands
Responding to complaints from states that they will not be compensated for losses in revenue, if any, from the GST reforms, Nirmala Sitharaman has said the decision was taken by consensus in the GST council.
-
At NDTV GST Conclave, BJP And Opposition Differ On Compensation, Responsibility
The finance minister of Punjab and Jharkhand and the industries minister of Delhi ensured a spirited start to the NDTV GST Conclave on Tuesday, with their panel discussion on 'Matters of States' witnessing a heated debate on the GST reforms.
-
"States Need To Be Compensated For Revenue Losses": P Chidambaram On GST Move
P Chidambaram -- Congress's former Union Minister who handled the finance portfolio -- said today that while the rationalisation of the Goods and Services Tax law is welcome, it is eight years too late.
-
GST Revamp: How Opposition-Ruled States Came On Board
The rationalisation of Goods and Services tax, done eight years after the flagship reforms were initiated, took place after a clear directive from Prime Minister Narendra Modi delivered from the ramparts of the Red Fort on Independence Day.
-
Opposition States Seek Compensation For Revenue Loss Due To GST Reform Proposal
Opposition-ruled states on Friday said the Centre's proposal for GST rate reforms could result in a revenue loss of about Rs 1.5 crore to Rs 2 lakh crore and demanded compensation for the losses incurred by them.
-
Himachal Invokes Kyoto Protocol To Demand GST Compensation From Centre
The Himachal Pradesh government on Saturday urged the Centre to make some arrangement for hilly states in lieu of the revenue loss due to GST implementation and sought compensation on the pattern of the Kyoto protocol.
-
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 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
-
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.
-
"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
-
Centre Must Release GST Dues For States To Reduce VAT On Fuel: Sharad Pawar
Nationalist Congress Party chief Sharad Pawar today demanded the release of GST compensation to the states for them to reduce value-added tax (VAT) on fuel. His remarks come days after the Centre reduced the excise duty on petrol and diesel.
-
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.
-
Karnataka Demands Extension Of GST Compensation To States Beyond 2022
Amid fall in state revenue and GST collection in view of COVID-19 crisis, Karnataka Chief Minister Basavaraj S Bommai on Thursday demanded the Centre to extend the GST compensation period to states beyond 2022, for three more years.
-
Rs 29, 290 Crore GST Compensation Due From Centre: Maharashtra Governor
Maharashtra Governor Bhagat Singh Koshyari on Monday said out of Rs 46,950 crore due to the state government as GST compensation, the Centre has paid just Rs 6,140 crore and Rs 11,520 crore as loan by the end of February.
