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Latest Articles in GST Compensation

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.

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Release 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,'

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Finance ministry releases 10th instalment of GST compensation to states

Finance ministry releases 10th instalment of GST compensation to states

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All 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

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Centre 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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Rahul Gandhi Again Raises Issue Of GST Compensation To States

Several Congress and other Opposition ruled states have objected to the two borrowing options proposed by the Union Government at the GST Council Meeting on October 5.

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