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Tag "GST compensation"

Centre releases Rs 75K cr to states as GST compensation shortfall

Centre releases Rs 75K cr to states as GST compensation shortfall

🕔07:26, 16.Jul 2021

New Delhi, July 16  The Union Finance Ministry has released Rs 75,000 crore to states and UTs with legislatures under the back-to-back loan facility in lieu of GST compensation. This is in addition to normal GST compensation being released every

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Centre releases Rs 30,000 cr GST compensation to states

Centre releases Rs 30,000 cr GST compensation to states

🕔06:28, 31.Mar 2021

New Delhi, March 31  The Centre on Tuesday said it has released GST compensation amounting to Rs 30,000 crore to states. The funds were released as part ‘compensation admissible’ for FY21 on March 27. “The total amount of compensation released

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Centre releases complete Rs 1.10 lakh cr GST compensation shortfall

Centre releases complete Rs 1.10 lakh cr GST compensation shortfall

🕔11:53, 16.Mar 2021

New Delhi, March 16 The Finance Ministry has released the final weekly instalment of Rs 4,104 crore to the states to meet the GST compensation shortfall. Out of this, an amount of Rs 4,086.97 crore has been released to 23 states

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Rs 1.06L Cr GST compensation shortfall released to states

Rs 1.06L Cr GST compensation shortfall released to states

🕔15:47, 9.Mar 2021

New Delhi, March 9  Finance Ministry has released the 19th weekly instalment of Rs 2,104 crore to the states to meet the GST compensation shortfall. Out of this, an amount of Rs 2,103.95 crore has been released to 7 states

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15th instalment of Rs 6K cr for GST compensation shortfall released

15th instalment of Rs 6K cr for GST compensation shortfall released

🕔10:55, 13.Feb 2021

New Delhi, Feb 13  The Finance Ministry on Friday released the 15th weekly instalment of Rs 6,000 crore to the states to meet the GST compensation shortfall, an official statement said. Out of this, an amount of Rs 5,516.60 crore

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13th Instalment of Rs 6K cr released to States to meet GST compensation shortfall

13th Instalment of Rs 6K cr released to States to meet GST compensation shortfall

🕔16:05, 25.Jan 2021

New Delhi, Jan. Jan 25  The Ministry of Finance has released the 13th weekly instalment of Rs 6,000 crore to the states on Monday to meet the GST compensation shortfall. Out of this, an amount of Rs. 5,516.60 crore has

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16 states, 3 UTs to get Rs 6,000 cr more as GST compensation

16 states, 3 UTs to get Rs 6,000 cr more as GST compensation

🕔21:22, 2.Nov 2020

New Delhi, Nov 2  To compensate for the Goods and Services Tax (GST) shortfall, the Central government has borrowed and will be transferring Rs 6,000 crore as the second tranche to 16 states and three Union Territories under special borrowing

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Centre borrows, transfers Rs 6,000 cr to 16 states for GST compensation

Centre borrows, transfers Rs 6,000 cr to 16 states for GST compensation

🕔07:16, 24.Oct 2020

New Delhi, Oct 24  The Central government on Friday said that it borrowed and transferred Rs 6,000 crore as first tranche to 16 states on account of GST compensation under the special borrowing window. The Centre has evolved a special

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Centre lets 20 states borrow to meet GST compensation shortfall

Centre lets 20 states borrow to meet GST compensation shortfall

🕔07:15, 14.Oct 2020

New Delhi, Oct 14  Even with consensus eluding the GST Council meeting on Monday over adoption of borrowing option to settle compensation dues, the Finance Ministry has granted permission to 20 states to raise an additional amount of Rs 68,825

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No consensus on GST compensation, willing states can approach Centre for borrowing

No consensus on GST compensation, willing states can approach Centre for borrowing

🕔07:12, 13.Oct 2020

New Delhi, Oct 13  The GST Council’s meeting on Monday, which was held exclusively to discuss the issue of borrowing in lieu of GST compensation, ended without any consensus. Addressing the media after the meeting, Finance Minister Nirmala Sitharaman said

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GST Council to meet again on Oct 12 over compensation plan

GST Council to meet again on Oct 12 over compensation plan

🕔06:55, 6.Oct 2020

New Delhi, Oct 6  The GST Council will meet again on October 12 to discuss and try to reach a consensus between state governments and the Centre on the borrowing options for GST compensation, Finance Minister Nirmala Sitharaman said on

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GST compensation: 1st option set to get nod with 21 states on board

GST compensation: 1st option set to get nod with 21 states on board

🕔07:01, 21.Sep 2020

New Delhi, Sep 21  With 21 states expressing their preference for the Borrowing Option-1 proposed by the Centre to meet the GST compensation needs of states this year, decks have been cleared for the GST Council to approve the new

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GST compensation cess: 13 states decide, 12 opt for 1st option

GST compensation cess: 13 states decide, 12 opt for 1st option

🕔15:53, 14.Sep 2020

New Delhi, Sep 14  A total of 13 states have so far decided on their borrowing options to meet their GST compensation shortfall and almost all have decided to go for the first option proposed by the Centre, source said.

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GST compensation: Govt willing to raise unconditional 0.5% borrowing limit

GST compensation: Govt willing to raise unconditional 0.5% borrowing limit

🕔08:04, 11.Sep 2020

New Delhi, Sep 11  The Centre is willing to provide further borrowing flexibility to states to help break the deadlock and allow their participation in the new GST compensation formula put on the table. Government sources said that the unconditional

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Tax Devolution: Finance Commission advised to treat FY21, FY22 differently

Tax Devolution: Finance Commission advised to treat FY21, FY22 differently

🕔13:31, 5.Sep 2020

New Delhi, Sep 5  At a time when the Centre is facing difficulties to disburse GST compensation to states on the low revenue collection, the Economic Advisory Council of the 15th Finance Commission has advised the latter to treat the

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Centre communicates borrowing options to settle GST compensation to States

Centre communicates borrowing options to settle GST compensation to States

🕔18:36, 29.Aug 2020

New Delhi, Aug 29  States will have to forego borrowing flexibility of 1 per cent of state GDP given under the Atmanirbhar Bharat package if they opt to settle their entire GST compensation shortfall for FY21 through market borrowings. As

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Govt releases Rs 19,950 crore GST compensation to states

Govt releases Rs 19,950 crore GST compensation to states

🕔06:43, 21.Feb 2020

New Delhi, Feb 21  The Central government released Rs 19,950 crore as GST compensation cess to the states/UTs on last Monday, officials said. With this amount, the Central government has released a total of Rs 1,20,498 crore towards GST compensation

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GST compensation due for all states, not just for some: FM

GST compensation due for all states, not just for some: FM

🕔12:17, 13.Dec 2019

New Delhi, Dec 13  Not only opposition-ruled states but other states also have not been paid GST compensation for the last four months since August this year. Speaking in the Rajya Sabha, Finance Minister Nirmala Sitharaman admitted the delay but

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