AP raises concern over compensation at GST council meet
2 years, 5 months ago

AP raises concern over compensation at GST council meet

Deccan Chronicle  

VIJAYAWADA: AP finance minister Buggana Rajendranath Reddy expressed various concerns of the state at the 47th GST council meeting held in Chandigarh on Wednesday. Rajendranath Reddy maintained that AP needs to be compensated as growth of GSDP in the state has not been encouraging in the last five years. The minister wanted all public services related government organisations and public authorities should be exempted from GST without being limited to just four services. The minister said AP has succeeded in reducing 18 percent GST on mango pulp to 12 percent.

Gst Rajendranath Reddy Council Meet  taxpayers  ap  reddy  concern  state  services  gst  rajendranath  pulp  compensation  underlined  minister  council  meet  raises

History of this topic

GST relief may hit state finances
5 months ago

GST relief may hit state finances

Deccan Chronicle  

Hyderabad: The GST Council’s decision to provide relief to taxpayers in Telangana could have serious consequences for state finances. The most hard-hitting decision taken at the 53rd meeting of the Council was the relief extended to taxpayers for the financial years 2017-18 to 2019-20 waving interest and penalty on tax demands under Section 73. This step will benefit tax payers …

Centre will clear GST dues of states, TS to get Rs.1835 cr in arrears
1 year, 10 months ago

Centre will clear GST dues of states, TS to get Rs.1835 cr in arrears

Deccan Chronicle  

New Delhi: The GST Council on Saturday said the Centre had decided to clear the pending balance of GST compensation of Rs.16,982 crore for June 2022. The Centre will also clear the admissible final GST Compensation to those states who have provided revenue figures certified by the Accountant General which amounts to `16,524 crore. Briefing media after the 49th meeting …

Centre to pay Rs 689 crore GST dues to AP
1 year, 10 months ago

Centre to pay Rs 689 crore GST dues to AP

Deccan Chronicle  

Vijayawada: Andhra Pradesh finance minister Buggana Rajendranath said the central government has decided to pay GST arrears that were pending to the state till June. He said the Council has agreed to revise the penalties levied for late filing of returns by companies with a business volume of Rs 20 crore as suggested by the state. Rajendranath has attended the …

Harish Rao skips GST Council meeting, Centre clears pending GST compensation for TS
1 year, 10 months ago

Harish Rao skips GST Council meeting, Centre clears pending GST compensation for TS

Deccan Chronicle  

HYDERABAD: The GST Council on Saturday said the Centre had decided to clear the pending balance of GST compensation of Rs 16,982 crore for June 2022. The Centre will also clear the admissible final GST Compensation to those states who have provided revenue figures certified by the Accountant General which amounts to Rs 16,524 crore. In addition, the GST Council …

GST Council clears setting up tribunals, ad valorem cess on pan masala
1 year, 10 months ago

GST Council clears setting up tribunals, ad valorem cess on pan masala

Live Mint  

Goods and Services Tax Council on Saturday decided to set up appellate tribunals to resolve GST disputes, tighten the tax regime of pan masala, gutka and chewing tobacco to check tax evasion and reduce the late fee on annual return filings to small businesses, finance minister Nirmala Sitharaman, who chairs the Council, told reporters after the 49th meeting of the …

GST Council: Pending GST compensation of ₹16,982 cr for June will be cleared
1 year, 10 months ago

GST Council: Pending GST compensation of ₹16,982 cr for June will be cleared

Live Mint  

Union Finance Minister Nirmala Sitharaman on 18 February said that the entire pending GST compensation will be cleared. Apart from this, she also said that the government will clear the entire pending balance of the GST compensation - a total of ₹16,982 crores for June. “We have announced today that the entire due on the pending balance of the GST …

AP surpasses national average in GST collections, says CM
1 year, 10 months ago

AP surpasses national average in GST collections, says CM

Deccan Chronicle  

Vijayawada: Andhra Pradesh had done better than the national average in GST collections. At a review meeting he held with top officials of the revenue-earning departments at the CM Camp Office in Tadepalli, Jagan Mohan Reddy said AP’s GST collections for the last fiscal totalled Rs 26,360.28 crore by January 2022. Jagan Mohan Reddy explained that the gross GST collections …

GST Not Payable On Reimbursement Of Tree Cut Compensation Paid To Farmers By Pure Agent: Karnataka AAR
1 year, 11 months ago

GST Not Payable On Reimbursement Of Tree Cut Compensation Paid To Farmers By Pure Agent: Karnataka AAR

Live Law  

The Karnataka Authority for Advance Ruling has ruled that a pure agent is not liable to pay GST on reimbursement of compensation amounts paid to farmers and landowners.The two-judge bench of M.P. Ravi Prasad and Kiran Reddy T. has ruled that reimbursement of land compensation amounts paid to farmers and landowners during the course of work is subject to GST …

100 Important High Court Judgments of GST in 2022
1 year, 11 months ago

100 Important High Court Judgments of GST in 2022

Live Law  

Allahabad High Court: Allahabad High Court Stays GST Demand On Payment Of Royalty To Conduct Mining Activity Case Title: M/s Jitendra Singh versus Union of India The Allahabad High Court bench of Justice Saumitra Dayal Singh has stayed the GST demand on payment of royalty to conduct mining activity. Show Cause Notice Cancelling GST Registration Must Disclose Reason: Allahabad High …

AP surpasses national average in GST collections, committee to study tax processes
2 years, 2 months ago

AP surpasses national average in GST collections, committee to study tax processes

Deccan Chronicle  

VIJAYAWADA: Chief Minister Y.S. Jagan Mohan Reddy has asked officials to rectify flaws in collection of taxes and announced the appointment of a committee to increase revenues for the registration department and offer services in a hassle-free manner. He said AP surpassed the national average in GST collections by registering a collection level of 28.79 per cent against the all-India …

GST compensation due to States now totals ₹35,266 crore
2 years, 5 months ago

GST compensation due to States now totals ₹35,266 crore

The Hindu  

Outstanding Goods and Services Tax Compensation dues to States now amount to ₹35,266 crore, the Finance Ministry informed Parliament on Monday. These dues pertain to June 2022, the last month for which States were assured a certain level of revenue in order to switch to the GST regime, and would be paid from GST Compensation Cess collections, whose levy has …

GST Council bites the bullet
2 years, 5 months ago

GST Council bites the bullet

Hindustan Times  

Decisions taken in the 47th Goods and Services Tax Council meeting are on expected lines. The five-year window for guaranteed revenue compensation to states, which was a part of the original federal agreement on GST, has not been extended. While the argument might not be palatable to state governments, especially those ruled by the Opposition, phasing out the guaranteed compensation …

GST Council meeting | Extend compensation period, urge States
2 years, 5 months ago

GST Council meeting | Extend compensation period, urge States

The Hindu  

From July 18, tax hikes will kick in for over two dozen goods and services, ranging from unbranded food items, curd and butter milk to low-cost hotels, cheques and maps, the Goods and Services Tax Council decided after a marathon two-day meet that concluded on Wednesday. Exemptions and concessional rates on several items shall be withdrawn, based on recommendations of …

GST Council Meeting: No decision on extending compensation to states
2 years, 5 months ago

GST Council Meeting: No decision on extending compensation to states

Live Mint  

The 47th GST council meeting ended today and the Council could not take a decision on the contentious issues of extension of GST compensation mechanism for states. Puducherry finance minister K Lakshminarayanan told PTI that said all states sought an extension of the compensation mechanism, but no decision has been taken. The Centre, last week, notified extension of the compensation …

GST Council discusses compensation issue ‘informally’
2 years, 5 months ago

GST Council discusses compensation issue ‘informally’

Live Mint  

Chandigarh: The Goods and Services Tax Council is “informally” discussing the demands from several state governments that their indirect tax reform-related revenue losses be compensated beyond June when the current scheme expires, said a person aware of the development. The current scheme of compensation, which ran for five years since the inception of GST in July 2017, expires at the …

GST Council Meet Begins: 28% GST on Online Gaming, States' Compensation; Key Agendas Today
2 years, 5 months ago

GST Council Meet Begins: 28% GST on Online Gaming, States' Compensation; Key Agendas Today

News 18  

From taxpayers to policymakers, all eyes are set on the two-day meeting of the Goods and Services Tax Council, starting from Tuesday. GST compensation to states, GST rate revisions of certain items and services, and easier compliance norms for taxpayers are on top of the agenda for the 47th GST Council meeting. Ahead of the GST Council meeting, Kerala’s finance …

Two-day GST Council meet begins today, compensation to states a big fault line
2 years, 5 months ago

Two-day GST Council meet begins today, compensation to states a big fault line

India Today  

The powerful GST Council is all set to meet for its first meeting this year, to be held in Chandigarh today. With political differences between the Centre and the states at an all-time high, the council’s capability to create consensus over economic issues will face an additional test after the Supreme Court ruling in May this year that said: “Parliament …

GST Council to Discuss Compensation Issue for Third Time in a Row Tomorrow
4 years, 2 months ago

GST Council to Discuss Compensation Issue for Third Time in a Row Tomorrow

News 18  

The GST Council in its meeting on Monday is likely to discuss the suggestion of non-BJP ruled states of setting up a ministerial panel to develop consensus on the issue of compensation, sources said. The Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising of state finance ministers, will for the third time in a row discuss the issue …

The GST's uncertain future
4 years, 2 months ago

The GST's uncertain future

India Today  

The true test of leadership comes in times of adversity—the ability to develop consensus when the going gets tough. On November 27, 2019 the GST council wrote to state governments, informing them that GST and compensation cess collections in the previous few months had become ‘a matter of concern’ and that compensation requirements were ‘unlikely to be met’. The GST …

'Regardless of Acts of Gods, Humans': 7 Non-BJP States, 1 UT Reject Centre's GST Compensation Options
4 years, 3 months ago

'Regardless of Acts of Gods, Humans': 7 Non-BJP States, 1 UT Reject Centre's GST Compensation Options

News 18  

As many as seven non-BJP ruled states, including Kerala and Punjab, besides Union Territory Puducherry on Monday rejected the Centre’s suggestion of states borrowing to make up for the GST shortfall, saying the constitutional liability lies with the Union government. Punjab Finance Minister Manpreet Singh Badal said if states have to borrow, then the Centre will have to amend compensation …

Tamil Nadu govt asks Centre to continue GST compensation, says state's economy is 'burdened' due to COVID-19
4 years, 3 months ago

Tamil Nadu govt asks Centre to continue GST compensation, says state's economy is 'burdened' due to COVID-19

Firstpost  

The state govt also urged Centre to expedite the release of Rs 12,258.94 crore, which is its GST arrears since 2018-19 and outstanding Integrated GST of Rs 4,073 crore for 2017-2018 fiscal 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 arrears from the latter since …

From revenue shortfall to compensation mess: What to expect from crucial GST Council meeting today
4 years, 3 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 …

GST Council to meet on August 27 to discuss compensation payout to states
4 years, 4 months ago

GST Council to meet on August 27 to discuss compensation payout to states

India TV News  

The GST Council is likely to meet on August 27 to discuss the compensation payout to states and the opinion of the Attorney General on the legality of market borrowing to meet revenue shortfall. They had earlier indicated that following the AG's opinion, states may now have to look at market borrowings to meet the revenue shortfall and the GST …

GST Council to discuss Attorney General's opinion on compensation, says Nirmala Sitharaman
4 years, 4 months ago

GST Council to discuss Attorney General's opinion on compensation, says Nirmala Sitharaman

Firstpost  

The attorney general has said that there is no obligation on the Central government to pay the GST compensation shortfall to the states. New Delhi: Finance Minister Nirmala Sitharaman on Saturday said the Attorney General’s view on GST compensation was sought after consultation with the states and a meeting of the GST Council would be held to discuss the legal …

Discover Related