Will take up issues concerning state with Union ministers, says Himachal CM
2 weeks ago

Will take up issues concerning state with Union ministers, says Himachal CM

Hindustan Times  

Chief minister Sukhvinder Singh Sukhu, on Wednesday, said that he will meet Union ministers on December 28 and discuss pressing issues concerning Himachal, including declining GST compensation, revenue deficit grants and the state’s loan limit. Himachal chief minister Sukhvinder Singh Sukhu Sukhu, while departing for Bengaluru to attend the Congress Working Committee meeting, said, “I am going to Bengaluru to participate in the CWC meeting. Last week, technical education minister Rajesh Dharmani, in a pre-budget meeting held at Jaisalmer, too had taken up the issue of GST compensation with the Union finance minister Nirmala Sitharaman and urged the Union minister to introduce some arrangements so that hilly states like Himachal could be compensated for the loss of revenue due to GST implementation. During his stay in Delhi, CM Sukhu can also meet Union home minister Amit Shah and will request for the pending amount to Himachal under the Post Disaster Need Assessment.

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Extend GST compensation to states for two more years due to COVID pandemic, Ajit Pawar tells Centre
2 years, 11 months ago

Extend GST compensation to states for two more years due to COVID pandemic, Ajit Pawar tells Centre

Firstpost  

Pawar made the comments while interacting with reporters after unfurling the National Flag in Pune on the occasion of 73rd Republic Day Pune: Maharashtra deputy chief minister and state finance minister Ajit Pawar on Wednesday urged the Union Government to extend the period of Goods and Services Tax compensation from Centre to states for two more years in light of …

Group of Ministers to study GST relief for COVID essentials
3 years, 7 months ago

Group of Ministers to study GST relief for COVID essentials

The Hindu  

The Finance Ministry on Saturday constituted a Group of Ministers to examine possible waivers of GST levies on essential COVID-relief material, including vaccines, even as industry expressed concerns on the delay over such a critical decision amid the second wave of the pandemic. Uday Shankar, president, Federation of Indian Chambers of Commerce and Industry, said “a quick decision” on reductions …

Dissenting states likely to accept GST solution
4 years, 2 months ago

Dissenting states likely to accept GST solution

Hindustan Times  

With the Centre agreeing to borrow ₹1.1 lakh crore from a special window of the Reserve Bank of India and on-lend it to the states, some of the seven states that are yet to agree to the plan may now sign on, government officials with direct knowledge of the matter said on Friday. Centre’s decision on Thursday followed by GST …

GST Council meet today to discuss compensation issue
4 years, 2 months ago

GST Council meet today to discuss compensation issue

India TV News  

As the GST compensation cess issue still remains unresolved with around 10 opposition-ruled states and Union Territories not agreeing with the Centre's borrowing proposals, the GST Council, consisting of all state Finance Ministers and headed by the Union Finance Minister, will meet today to discuss and try to reach to a consensus on the matter. This gap, however, needs to …

Entire GST compensation owed to states will be honoured: Union government
4 years, 4 months ago

Entire GST compensation owed to states will be honoured: Union government

Live Mint  

The entire sum of compensation owed to states on account of shortfall in collections of Goods and Services Tax will be “honoured”, the union government said on Monday. The clarification by the union government just ahead of the GST Council meeting on 19 September, could potentially defuse the ugly face off witnessed in the last meeting between the centre and …

From revenue shortfall to compensation mess: What to expect from crucial GST Council meeting today
4 years, 4 months ago

From revenue shortfall to compensation mess: What to expect from crucial GST Council meeting today

India Today  

Finance Minister Nirmala Sitharaman will chair the crucial 41st GST Council Meeting on Wednesday. Several state finance ministers and chief ministers have accused the Centre of violating constitutional rights by not honouring compensation due to states. The Centre had earlier said it would not be able to pay compensation to states for the current fiscal year — states have not …

Union Finance Secretary Says Centre in No Position to Pay GST Dues to States: Report
4 years, 5 months ago

Union Finance Secretary Says Centre in No Position to Pay GST Dues to States: Report

News 18  

In a meeting of the Parliamentary Standing Committee on Tuesday, Union Finance Secretary Ajay Bhushan Pandey said that the government is in no position to pay the GST share of States as per the current revenue sharing formula, sources informed The Hindu. At this, “he pointed out that the GST Act has provisions to rework the formula for paying compensation …

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