The central government will borrow ₹Rs 1.1 million lakh under the special window to cover the goods and services tax (GST) offsetting deficit, the Finance Ministry reported on Thursday. “In the framework of the Special Window for States to cover the GST compensation deficit, the estimated deficit of ₹The Government …
Read More »GST Compensation Cessation Will Last Beyond June 2022 to Help States
NEW DELHI: After joining states in the GST Council to extend the applicability of the offset tax on cars, coal and soft drinks beyond June 2022, the Center closed the room for further negotiations on Monday, arguing that the modalities Loan of funds may not be finalized by the panel …
Read More »Temporary withholding of GST tax in CFI is not a deviation, says Ministry of Finance
NEW DELHI : The temporary withholding of goods and services tax (GST) in the Consolidated Fund of India (CFI) in fiscal year 2018 and fiscal year 2019 is not a diversion of funds, an official from the Ministry of Finance said in response to an observation made by the Comptroller …
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