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
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.
Chhattisgarh Chief Minister Bhupesh Baghel in a pre-budget meeting in the national capital on Friday asked the Union Finance Minister Nirmala Sitharaman to return the National Pension Scheme (NPS) amount and said that the state's share will be deposited in a separate fund.
CM Baghel said that the state government restored the old pension scheme in Chhattisgarh for securing the future of government employees and their families. He added that Rs 17240 crore deposited with NSDL till March 31 should be returned so that it can be put in the General Provident Fund o
Thiruvananthapuram (Kerala) [India], August 20, (ANI): Kerala BJP president K Surendran on Saturday attacked the Kerala government for alleging that the Centre had allocated inadequate funds to the state.
New Delhi [India], August 7 (ANI): From farmers' plight to GST revenue, chief Ministers of States raised several issues in the 7th Governing Council meeting of NITI Aayog, chaired by Prime Minister Narendra Modi, and held in the national capital on Sunday.
Thiruvananthapuram (Kerala) [India] 26 July (ANI): Kerala Finance Minister K N Balagopal has written to Union Finance Minister Nirmala Sitharaman claiming that the state is undergoing a financial crisis as it had not received GST compensation to the tune of Rs 12,000 crore.
New Delhi [India], July 1 (ANI): Goods and Services Tax collection for the month of June 2022 came in at Rs 1.44 lakh crore, a 56 per cent rise from the same month last year.
New Delhi [India], June 25 (ANI): The Union Finance Ministry has notified the goods and services tax (GST) compensation cess extension till March 2026.