Page 6 - Gst Compensation

Top headlines: Bid norms eased for Air India; Centre to borrow Rs 1.1 trn

From Centre easing bidding norms for Air India's privatisation to Modi govt borrowing Rs 1.1 trillion for GST compensation to states, here are top headlines this morning

GST shortfall: Govt issues fresh borrowing calendar with extra Rs 1.1 trn

The additional amount for meeting the GST compensation shortfall shall be raised equally at the rate of Rs 55,000 crore under the 3 year and 5 year tenors

Welcome Centre's decision to borrow Rs 1.1 trn to fill GST gap: Chidambaram

P Chidambaram welcomed the change in the position of the central government which will now borrow Rs 1.1 trillion and extend it to states to make up for the shortfall in the GST compensation.

Centre to borrow Rs 1.1 trn to meet states' shortfall in GST compensation

The amount so borrowed will be passed on to the States as a back-to-back loan in lieu of GST Compensation Cess releases

GST compensation shortfall: Tamil Nadu becomes 21st state to pick Option 1

Gets nod to borrow Rs 9,600 crore, total additional borrowing touches Rs 78,000 crore

GST compensation: 21 states may borrow Rs 78,000 cr above Rs 1.1 trn option

Tamil Nadu opts for special window, gets permission to borrow Rs 9,600 crore, Kerala reacts strongly to the Centre's move to 'divide" states

Top headlines: Theatres eyes Diwali season; Jio fastest mobile network

From theatres gearing to open from October 15 to the government allowing states to borrow Rs 69,000 crore in GST shortfall, here are top headlines this morning

Best of BS Opinion: GST compensation issue, the land bank, and more

Here's a selection of Business Standard opinion pieces for the day

Break the deadlock

GST compensation issue needs a pragmatic approach

GST Council meet on compensation mechanism inconclusive for second time

Kerala Finance Minister Thomas Isaac said, Sitharaman's announcement that she would permit 21 states to borrow in line with Option 1 was illegal

GST Council meet: Stalemate over compensation may see some solution today

Dissenting states may move SC, press for dispute resolution authority, refer matter to GoM

GST Council to discuss compensation issue for third time in a row on Monday

The projected total compensation shortfall in current fiscal stands at Rs 2.35 trillion

Decoded: What GST Council decided for taxpayers, big and small

Here's a look at the most important decisions and what they mean for the average taxpayer.

Willing to compromise on GST compensation: Kerala FM Thomas Isaac

FM Isaac said the Centre must do away with the bifurcation of revenue shortfall arising due to Covid-19 and GST implementation.

No breakthrough in GST compensation deadlock; next Council meet on Oct 12

About two thirds of states opt for RBI-window of Rs 1.10 trillion, rest still want the Centre to borrow instead

Tamil Nadu may go with Option-1 for GST compensation, but seeks tweaks

State reiterates that Centre is bound to compensate the shortfall in GST collections and should find necessary funds for the purpose if there was a shortfall in cess collections

GST row: Govt proposes to revise Option 1, Oppn states may table 3rd option

Centre is likely to propose extending the compensation cess period by another two years beyond June 2022

GST compensation row: States may seek 3-member dispute resolution body

2011 Bill outlined such a structure, but it was not included in Act

GST collections for Sept may cross Rs 95,000 cr for first time in FY21

The highest GST collections reported in the current fiscal year so far were Rs 90,917 crore in June

Fiscal transparency

Concerns raised by the CAG must be addressed