Search For "gst compensation to states"
GST collections rose 13 pc in March, 22 pc in entire 2022-23
Updated : 2 years, 11 months ago IST
Goods and Services Tax was introduced in the country with effect from July 1, 2017 and states were assured compensation for loss of any revenue arising on account of the implementation of GST as per the provisions of the GST (Compensation to States) Act, 2017 for a period of five years. Read More
GST collection up 11 pc in November
Updated : 3 years, 3 months ago IST
Of this, Rs 25,681 crore is of central goods and services tax, Rs 32,651 crore is of state central goods and services tax
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Centre releases Rs 17,000 cr as GST compensation to States/UTs
Updated : 3 years, 4 months ago IST
Goods and Services Tax was introduced in the country with effect from July 1, 2017 and states were assured for compensation for loss of any revenue arising on account of implementation of GST as per the provisions of the GST (Compensation to States) Act, 2017 for a period of five years.
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Government extends GST compensation cess levy till March 2026
Updated : 3 years, 9 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 : 3 years, 11 months 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 yet to receive Rs 53,000 crore from Centre as GST compensation
Updated : 4 years ago IST
New Delhi [India], March 25 (ANI): Finance Minister Nirmala Sitharaman said on Friday the payment of around Rs 53,000 crore is pending as Goods and Services Tax (GST) compensation to states for the current financial year.
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Centre releases Rs 96,576 crore to states as GST compensation
Updated : 4 years ago IST
New Delhi [India], March 25 (ANI): The Union Finance Ministry has released Rs 96,576 crore to states and Union Territories (UTs) so far this year to meet the revenue shortfall on account of the implementation of Goods and Services Tax (GST).
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COVID-19: Ajit Pawar urges Centre to extend GST compensation to states for
Updated : 4 years, 2 months ago IST
Pune (Maharashtra) [India], January 26 (ANI): Maharashtra Deputy Chief Minister and state Finance Minister Ajit Pawar on Wednesday urged the union government to extend the period of Goods and Services Tax (GST) compensation from center to states for two more years in light of financial stres
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States demand GST compensation for another 5 years
Updated : 4 years, 2 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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Discontinuation of GST compensation will increase Punjab's fiscal deficit
Updated : 4 years, 2 months ago IST
Patiala (Punjab) [India], December 30 (ANI): Punjab's financial condition is in very bad shape and the state's fiscal deficit will increase further by Rs.18,000 crore if the GST compensation grant given by the Centre is discontinued in June 2022, Punjab Pradesh Congress Committee president N
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Centre releases Rs 17000 cr as GST compensation to States/UTs
Updated : 4 years, 4 months ago IST
New Delhi [India], November 3 (ANI): The Central Government has released GST compensation of Rs 17,000 crore to states, informed the Ministry of Finance on Wednesday.
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TMC accuses Centre of cheating states in the name of rationalisation
Updated : 4 years, 7 months ago IST
New Delhi [India], August 14 (ANI): Criticizing the Centre over declining growth rate, inflation, fuel price hike, and incomplete GST compensation to states, TMC Vice President Yashwant Sinha on Saturday accused the BJP-led Central government of cheating the states in the name of rationaliza
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