NEW DELHI: The Opposition-ruled states have decided to ask the Centre to put in place a dispute resolution mechanism to address the contentious issue of Goods and Services Tax (GST) shortfall compensation in GST Council meeting scheduled on Monday. Objecting to the Centre’s two borrowing options offered and what the states are looking at as … Read more
NEW DELHI: Ahead of the crucial meeting of the Good and Services Tax (GST) Council on October 5, the Opposition-ruled states have dug in their heels against the Centre’s two borrowing options on GST shortfall compensation and are likely to take a common stand at the meeting. The Opposition-ruled states of Punjab, Chhattisgarh, Jharkhand, West … Read more
NEW DELHI: Twelve states including Andhra Pradesh, Bihar, Gujarat, Haryana, Karnataka, Madhya Pradesh, Meghalaya, Sikkim, Tripura, Uttar Pradesh, Uttarakhand and Odisha so far have opted for the first option offered by the centre — Rs 97,000 crore borrowing for compensation of revenue shortfalls due to goods and service tax (GST) transition. Manipur is the only … Read more
New Delhi: A number of states, particularly opposition-ruled ones, are set to reject the two borrowing options proposed by the Centre to meet the deficit in the goods and services tax (GST) compensation fund. State finance ministers from opposition states will meet on Monday to finalise a joint strategy to approach the Centre again as … Read more
New Delhi: Kerala is set to reject both borrowing options put on the table by the Centre to meet the GST compensation shortfall for FY21, even as other states questioned the tinkering of loan limits prescribed in the Fiscal Responsibility and Budget Management (FRBM) Act. Bihar, on the other hand, may go for the borrowing … Read more