You are here: Home » Economy & Policy » News » GST
Crackdown on Chinese companies may not hit ongoing highway contracts
India's services activity stayed in deep contraction in June: PMI
Business Standard

Covid-19 crisis: States divided on alternative GST compensation mechanism

While Punjab and Kerala will press the GST Council to borrow in order to compensate states, Bihar Deputy Chief Minister Sushil Kumar Modi called the idea "wishful thinking"

Topics
Goods and Services Tax | GST collection | Lockdown

Dilasha Seth  |  New Delhi 



(Illustration: Ajay Mohanty)
The compensation mechanism has come under strain because of low collections amidst weak consumer demand, exacerbated by the Covid-19 pandemic. (Illustration: Ajay Mohanty)

States might not arrive at a consensus on an alternative mechanism to compensate them for the shortfall in (GST) collection at the council meeting, expected to be held in a couple of weeks, as divergent views have emerged on the issue.

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Fri, July 03 2020. 01:53 IST

RECOMMENDED FOR YOU

.