“Cessation of compensation collection will extend beyond the five-year transition period, that is, beyond June 2022, for as long as is necessary to fill the income gap. More details for work,” said the ministry in a statement. While 21 states, mostly governed by the Bhartiya Janata Party or parties that …
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NEW DELHI: Union Minister of Finance Nirmala Sitharaman on monday he said 20 billion rupees compensation process it will be disbursed to the states. The Center grants a termination of compensation to states for loss of income. The Minister of Finance while addressing the media after the 42nd meeting of …
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Over the past few weeks, there has been a heated discussion between the central and state governments about offsetting the goods and services tax (GST). The Center had assured states compensation for any shortfall in tax collection through 2022. Mint explores the issue. Why is tax revenue so stressed? Tax …
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