Search For "compensation cess"
Centre to clear pending balance GST compensation of Rs 16,982 crore for Ju
Updated : 3 years, 3 months ago IST
The Finance Minister said GST Council has adopted the report of Group of Ministers (GoM) on GST Appellate Tribunal with certain modifications
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Sitharaman says entire GST compensation cess dues of Rs 16,982 crore will
Updated : 3 years, 3 months ago IST
Sitharaman said the entire pending balance of the GST compensation cess -- a total of Rs 16,982 crore -- will be cleared and "although this amount is not available with the compensation fund as of today, we have decided to release from our own resources and the same amount will be recoupe
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Government extends GST compensation cess levy till March 2026
Updated : 3 years, 11 months ago IST
New Delhi [India], June 25 (ANI): The Union Finance Ministry has notified the goods and services tax (GST) compensation cess extension till March 2026.
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'Nothing is pending': Centre releases Rs 2.78 lakh crore GST compensation
Updated : 4 years ago IST
New Delhi [India], April 27 (ANI): The Ministry of Finance on Wednesday said that it has released Rs 2.78 lakh crore GST compensation to the states for the year 2020-21 saying that "nothing is pending for the year".
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States demand GST compensation for another 5 years
Updated : 4 years, 4 months ago IST
New Delhi [India], December 30 (ANI): Several states and UTs including Chhattisgarh, Rajasthan, and Delhi on Thursday urged Union Finance Minister Nirmala Sitharaman to extend GST compensation cess window to states, which is expiring in June 2022, for another five years.
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Public health groups urge GST Council to increase compensation cess on tob
Updated : 4 years, 11 months ago IST
Panaji (Goa) [India], May 31 (ANI): On the occasion of World No Tobacco Day, the public health groups along with doctors have urged the GST Council to increase compensation cess on all tobacco products to generate additional revenue for the government to aid the COVID-19 vaccination drive.
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Centre to transfer Rs 6,000 crore as second tranche of GST compensation to
Updated : 5 years, 6 months ago IST
New Delhi [India], November 2 (ANI): The Union Finance Ministry will release an amount of Rs 6,000 crore as second tranche to 16 states and three Union Territories (UT) on Monday under the 'Special Window to States for meeting the GST Compensation Cess shortfall', according to an official
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GST Council extends levy of compensation cess beyond 5 years
Updated : 5 years, 7 months ago IST
New Delhi [India], October 5 (ANI): The GST Council at its 42nd meeting on Monday decided to extend the levy of compensation cess beyond the transition period of five years for such period as may be required to meet the revenue gap.
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Compensation cess of Rs 20,000 crore to be distributed to states tonight:
Updated : 5 years, 7 months ago IST
New Delhi [India], October 5 (ANI): Several decisions were taken at the 42nd meeting of GST Council held on Monday with Finance Minister Nirmala Sitharaman stating that compensation cess collected this year amounting to about Rs 20,000 crore will get disbursed to all states by tonight. Read More
Options given for bridging GST revenue shortfall will put onerous burden o
Updated : 5 years, 8 months ago IST
New Delhi [India], September 1 (ANI): Delhi Chief Minister Arvind Kejriwal on Tuesday wrote a letter to Prime Minister Narendra Modi stating that the two options that have been given to states by the Finance Ministry to make up for shortfall in the goods and services tax (GST) compensation c
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Increase cess on tobacco products, tobacco eradication organisation urges
Updated : 5 years, 9 months ago IST
Panaji (Goa) [India], Aug 25 (ANI): Public health groups, doctors and economists have urged the GST council to increase the compensation cess on all tobacco products that can provide additional tax revenue of Rs 49,740 crore for the government, the National Organisation for Tobacco Eradicati
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Centre releases Rs 1,65,302 cr as GST compensation to states, UTs for FY
Updated : 5 years, 10 months ago IST
New Delhi [India], July 27 (ANI): The Centre on Monday released Rs 1,65,302 crores as Goods and Services Tax (GST) compensation to states/Union Territories for the financial year 2019-20 against cess collection of Rs 95,444 crores.
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