GST Council meet ends with no consensus, Centre says will not borrow for states

GST Council meet ends with no consensus, Centre says will not borrow for states

The deadlock over compensating states for the shortfall in GST collections continued on Monday with the 42nd meeting of the GST Council ending without reaching any consensus. Addressing the media after the meeting, Finance Minister Nirmala Sitharaman said the meeting was an extension of the previous meeting and all the states spoke on the issue … Read more

GST Council meeting to see stormy session as opposing states to raise compensation issue

GST Council meeting to see stormy session as opposing states to raise compensation issue

The Goods and Services Tax (GST) Council is all set to meet on Monday in what could be one of the most heated up sessions ever witnessed since the indirect tax reform replaced the old structure three years ago. While 20 states have agreed to borrow and make up for the compensation cess shortfall, several … Read more

Opposition states plan to seek Prime Minister Modi’s help on GST shortfall compensation

Opposition states plan to seek Prime Minister Modi’s help on GST shortfall compensation

NEW DELHI: Opposition-ruled states will seek Prime Minister Narendra Modi’s intervention on the issue of the goods and service tax shortfall compensation, unhappy with the Centre’s offer of two borrowing options. Andhra Pradesh, Tamil Nadu and Odisha are likely to join Delhi, Punjab, Kerala, West Bengal, Chhattisgarh, Jharkhand, Maharashtra, Rajasthan and Puducherry in rejecting the … Read more