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Latest Articles in GST Compensation
GST Compensation Of Rs 16,982 Cr To Be Clear For June Last Year: Centre
Finance Minister said there is no amount in the GST compensation fund and the Centre decided to release this amount from its own resources and it will be recouped from the future compensation collection
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Extend Period Of GST Compensation To States By 5 Years: CM Gehlot
While implementing GST, it was said that in five years, there will be stability in revenue and state will get a definite growth rate in revenue, Gehlot said
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Opposition-ruled States Demand Continuation Of GST Compensation For 5 Years
GST rate rationalisation is important to boost the weighted average GST rate that has fallen to 11.6 per cent, against 14.4 per cent at the time of launch
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Govt Clears Entire GST Compensation Dues Of States Till 31 May
This decision has been taken despite the fact that only about Rs 25,000 crore is available in the GST compensation fund, the ministry said
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GST Compensation For 8 Months Released To States, Rs 78,704 Cr Pending: Finance Ministry
At the time of GST implementation on July 1, 2017, the Centre had agreed to compensate states for five years till June 2022, and protect their revenue at 14 per cent per annum over the base year revenue of 2015-16
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States Have Requested GST Compensation Extension Beyond Five Years: Sitharaman
The shortfall is calculated assuming a 14 per cent annual growth in GST collections by states over the base year of 2015-16. The 5-year period ends in June 2022
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Recently Released GST Compensation Of Rs 17,000 Cr To States: Govt
The Minister further stated that the economic impact of the pandemic has led to higher compensation requirements due to lower GST collection and at the same time lower collection of GST compensation cess.
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Rs 81,179 Cr Due To States As GST Compensation For FY21
The economic impact of the pandemic has led to higher compensation requirement due to lower GST collection and at the same time lower collection of GST compensation cess
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Centre Releases Rs 30,000 Cr To States As GST Compensation
The Centre has also settled Integrated GST (IGST) of Rs 28,000 crore, of which Rs 14,000 crore has been shared equally between states and the Centre.
Read MoreRelease pending GST compensation, extend period beyond 5 yrs: Punjab CM to Centre
Release pending GST compensation, extend period beyond 5 yrs: Punjab CM to Centre
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Centre Releases Rs 1 lakh Cr GST Compensation To States Since Oct 2020
The remaining 5 states, Arunachal Pradesh, Manipur, Mizoram, Nagaland and Sikkim, do not have a gap in revenue on account of Goods and Services Tax (GST) implementation.
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Aluminium Industry Seeks Govt Support; Looks Forward To Supportive Measures In Budget
'The Indian aluminium industry is going through a challenging phase and is under immense threat by rising imports, declining domestic market share, increasing production and logistics costs,'
Read MoreFinance ministry releases 10th instalment of GST compensation to states
Finance ministry releases 10th instalment of GST compensation to states
Read MoreAll states, except Jharkhand, 3 UTs choose option-1 to meet GST revenue shortfall
All states, except Jharkhand, 3 UTs choose option-1 to meet GST revenue shortfall
Read MoreCentre to transfer Rs 6,000 crore as second tranche of GST compensation to 16 states, 3 UTs today
Centre to transfer Rs 6,000 crore as second tranche of GST compensation to 16 states, 3 UTs today
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