GST compensation for 8 months released to states, Rs 78,704 crore pending: FinMin
The Finance Ministry said the Centre has already released eight months of GST compensation dues to the states for the fiscal ended March 2022.
Apr 27, 2022, 22:43 PM IST
Chhattisgarh CM Bhupesh Baghel urges Centre to extend GST compensation mechanism, seeks support from 17 states
"Being manufacturing states, our contribution to the growth of the country's economy is much higher than those states which have benefited from the GST regime due to higher consumption of goods and services," Baghel wrote in a letter to his counterparts in 17 other states.
Mar 28, 2022, 10:06 AM IST
Finance Ministry will release Rs 47,541 crore advance installment of tax devolution to states
The Finance Ministry, on Thursday (January 20), announced that the Centre will release an advance installment of tax devolution to the states amounting to Rs 47,541 crore.
Jan 20, 2022, 17:35 PM IST
State governments demand extension of GST compensation for another 5 year
Many states have demanded that the GST compensation cess regime be extended for another five years.
Dec 30, 2021, 18:05 PM IST
Depriving states of GST compensation attempt to undermine federalism: Mamata Banerjee to PM Narendra Modi
West Bengal CM Mamata Banerjee on Wednesday wrote a letter to PM Narendra Modi in which she alleged that the Centre's failure to pay Goods and Services Tax (GST) dues to states undermines federalism.
Sep 02, 2020, 16:44 PM IST
Consider more legally viable options for GST dues to states: Delhi CM Arvind Kejriwal urges PM Narendra Modi
Arvind Kejriwal wrote the letter following deliberations on the options given by the central government to the states at the 41st GST Council meet on August 27.
Sep 01, 2020, 20:01 PM IST
Centre releases Rs 48,202 cr GST compensation in Apr-Nov, higher than FY18
Minister of State for Finance Shiv Pratap Shukla said Section 7 of the GST (Compensation to States) Act, 2017, states that compensation payable to a state for loss of revenue shall be provisionally calculated and released at the end of every two months.
Jan 09, 2019, 10:31 AM IST
Centre releases Rs 24,500 cr to compensate states post GST
Karnataka got maximum compensation from the Centre at Rs 3,271 crore.
Dec 29, 2017, 17:52 PM IST
GST bill to be tabled in Rajya Sabha today
The much-awaited Goods and Services Tax (GST) Bill will be presented for discussion in Rajya Sabha tomorrow.
Apr 05, 2017, 00:30 AM IST
States demand full compensation for 5 years after GST rollout
States Thursday pressed for Centre compensating fully for the loss of revenue in the first five years of GST replacing their taxes, a position that may create hurdle in plans for roll out of new tax regime from next year.
Jun 04, 2015, 21:08 PM IST
Centre to include GST compensation in Constitutional Bill
The Centre has agreed to include compensation to be paid to states for GST rollout as part of the Constitutional Amendment Bill.
Nov 17, 2014, 18:13 PM IST
Fin Comm can look into GST compensation issue: Sumit Bose
The Finance Commission can be involved in the exercise of compensating states for revenue losses following implementation of the Goods and Services Tax (GST), said former Revenue Secretary Sumit Bose.
Sep 21, 2014, 20:10 PM IST
State FMs agree on Rs 10 lakh threshold for levying GST
State Finance Ministers on Wednesday pressed for lowering the threshold limit to Rs 10 lakh for imposing Goods and Service tax (GST) on entities and asked the Centre to specify GST compensation structure for five years in the Constitutional Amendment Bill.
Aug 20, 2014, 17:57 PM IST
