Page 8 - Gst Compensation

GST compensation cess mop-up rises for first time in five months

Collection up 6% in Aug YoY; overall mop-up below Rs 1-trn mark for 6th month

CM Bhupesh Baghel demands Rs 2,828 Cr from Centre as GST compensation

A meeting of State Finance Secretaries with the Union Finance Secretary and Secretary (Expenditure) is scheduled to be held on September 1, 2020, for clarifying issues, if any

GST compensation row: State govts ask Centre to borrow and pay

The finance ministry on Saturday officially communicated the finer details of the two options to states to make up for the compensation shortfall by way of borrowings

Telangana says it lost Rs 8,000 cr income; seeks full GST compensation

Telangana government asserted the Centre has no option but to pay full GST compensation to states and said the southern state lost about Rs 8,000 crore income during the past four months

Kerala rejects Govt's proposal of borrowing by states to meet GST shortfall

Kerala will reject "lock, stock and barrel" the Centre's proposal of borrowing by states to meet GST revenue shortfall, state finance minister Thomas Isaac said

Tamil Nadu CM urges Centre to revisit options on GST compensation

He asked the government to ensure that the states get their full dues of the compensation in the current year itself

GST compensation row: FM's 'act of God' can be a nightmare for RBI

The government has invoked "act of God" for not paying its due to the states directly

States' fiscal deficit likely to hit 4.2-5.5% of GSDP this fiscal year

This may take the general deficit of the country-- both the Centre's and states'-- to 11-14 per cent of GDP in FY21

Oppn-ruled states dismiss Centre's 2 options on GST compensation shortfall

Meet today to outline strategy on compensation

States to bear interest burden for borrowing Rs 2.35 trn shortfall in GST

Finance Ministry gives states two options for meeting shortfall in collection; GST Council meet to discuss matter

Govt writes to states, suggests borrowing options to meet GST shortfall

States could borrow via a special window centre will facilitate through the RBI or they may raise debt from the market, says finance ministry

Icra finds FinMin's estimates of GST compensation gap much smaller

Estimates by Icra put the total gap at Rs 2.92 trillion against the ministry's estimates of Rs 2.35 trillion

FRBM hike not enough; need 0.75 percentage point leeway: Thomas Isaac

In an interview with Dilasha Seth, Kerala Finance Minister Thomas Isaac says if the issue isn't settled, states will have to move Supreme Court

Top headlines: Two options for GST compensation; Covid to hit IT employees

From Centre giving options to states for GST compensation to GMR planning to list airport business, here are top business headlines this morning

GST Council meet: States accuse Centre of 'arm-twisting' them to borrow

Even BJP-ruled states like Karnataka suggest central govt should borrow to compensate states

Centre gives states two options to meet GST compensation cess shortfall

States given two options to borrow: Rs 97,000 crore or Rs 2.35 trillion, burden of repayment on extension of cess period

TN asks Centre to continue GST compensation citing increased fiscal burden

The Tamil Nadu government on Thursday urged the Centre to expedite release of Rs 12,258.94 crore, which is its Goods and Services Tax (GST) arrears from the latter since 2018-19

GST Council meet: States to push for borrowing by Centre on Thursday

Our worst fears are now coming true, Amit Mitra writes to Sitharaman

Centre morally bound to compensate states for GST shortfall: Sushil Modi

Bihar Deputy Chief Minister Sushil Kumar Modi on Wednesday said the central government is "morally bound" to compensate states for the revenue shortfall

Refusal of GST compensation to states is Centre's betrayal: Sonia Gandhi

Congress interim President Sonia Gandhi hit out at the Centre and said that refusal to pay GST compensation to States is nothing short of betrayal on the part of the Narendra Modi government.