Page 11 - Gst Compensation

GST revenue growth promised to states may be trimmed to 10-12% from FY21

The idea was discussed during the presentation given by chairman of the 15th Finance Commission (15th FC) N K Singh, in the previous GST Council meeting

In a first, GST Council votes, states say Centre close to sovereign default

In the Council meeting, the panel resorted to voting to decide whether a uniform tax on lotteries should be levied or a two-rate system be followed.

Centre releases over Rs 35,000 crore relief to states ahead of GST meet

The payment was pending since August, drawing protests from states, particularly non-BJP ruled ones

Centre releases over Rs 35,000 crore as pending GST compensation to states

Move comes ahead of GST Council meeting

Under fire, Centre releases Rs 35,298 crore GST compensation to states

The GST Council, the highest decision making body of the indirect tax regime, is slated to hold its meeting on December 18

Telangana CM urges Nirmala Sitharaman to release Rs 4,531 cr in GST dues

KCR says despite a higher tax devolution as per Union Budget 2019-20, the receipts by the state till November were actually lower than in the same period last year

Govt will honour compact to give states their share of GST: Sitharaman

Sitharaman's statement comes after Kerala last week threatened to take the central government to Supreme Court over delay in the payment of compensation to states

Automobile slowdown has shrunk GST compensation kitty, says Sushil Modi

The fund is used to compensate the states for revenue shortfall suffered due to roll out of the new indirect tax

Kerala threatens to take Centre to SC over delay in payment of GST dues

The issue could become a major one at the GST Council meeting on December 17-18 in New Delhi

FM Sitharaman assures states of releasing GST compensation dues soon

Sitharaman on Wednesday said the Centre was duty bound to safeguard the interest of states

State FMs meet Sitharaman, express concern over delay in GST compensation

Speaking to reporters after the meeting, Punjab Finance Minister Manpreet Singh Badal said, August and September compensation has not been released to states.

GST and compensation cess review on cards as collections fall short

If states' GST revenue does not grow by at least 14%, the Centre pays them the difference, after every two months

States' fiscal health falling apart over shortfalls in GST compensation

States are indeed facing shortage in cash flow to run the administration and finance their schemes, as well as capital spending

GST compensation delay: States considering legal action against Centre

Central govt official says will release funds before end of this month

GST compensation to states slumps 20% to Rs 119 bn in Aug-Sept

The government collected a record Rs 1007.1 billion from Goods and Services Tax (GST) in the month of October

States issued Rs 283.98 bn as GST compensation till Dec: Arun Jaitley

As per the Budget estimates, over Rs 9.26 trillion was to be collected from indirect taxes

11 states to require GST compensation of Rs 9,500 cr in FY18: India Ratings

States will get full compensation for the first five years of GST roll-out