More options to make up for GST shortfall
The Council may also extend GST rate reduction on Covid medicines till December 31, sources said. Source link
gst shortfall
Finance ministry releases Rs 75,000 crore to states and UTs, nearly half of FY22 GST compensation shortfall
The finance ministry released Rs 75,000 crore or nearly half of the total Goods and Services Tax (GST) compensation shortfall for FY22 to the states and union territories (UTs) on Thursday. The amount was part of the back-to-back loan facility provided to the states and UTs with legislature in lieu of the expected shortfall in … Read more
Opposition-ruled states dig in heels against centre’s borrowing options
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
States need ‘hard cash’, govt’s ‘letter of comfort’ has no value: Chidambaram on GST compensation
Senior Congress leader P Chidambaram on Thursday said the Centre’s reported proposal of giving “letter of comfort” to states to borrow money to bridge the GST compensation gap were “just words of comfort” on a piece of paper that has “no value”. He asserted that the states need “hard cash” and if they are forced … Read more