NEW DELHI: The Center has borrowed and transferred Rs 6 billion as the first tranche of GST compensation deficit to 16 states and two union territories, including Maharashtra, Gujarat, Bihar, Assam, Delhi and J&K, the Finance Ministry said on Friday. Last week, the Center gave in to demands by opposition-ruled …
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To compensate for the deficit of the Goods and Services Tax (GST), the central government has borrowed and transferred ₹6 billion rupees as the first tranche to 16 states and union territories under a special debt window, the Finance Ministry said on Friday. The interest rate has been set at …
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Kerala’s government canceled its high-level meeting to discuss a legal option to solve the goods and services tax (GST) problem on Saturday, days after the Union’s finance minister, Nirmala Sitharaman, said the government central will borrow 1.1 lakh crore from the market. on behalf of the states and pass them …
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NEW DELHI The central government said late Thursday that it was modifying its borrowing schedule for the second half to implement a special borrowing window aimed at states to close the income gap from the goods and services tax (GST). Accordingly, the Center will borrow a total of ₹4.88 billion …
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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 …
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NEW DELHI: On Monday, the GST Council failed to reach any consensus for the second time in a week on compensating states for the shortfall in GST collections. The meeting, chaired by Finance Minister Nirmala Sitharaman, was a continuation of the 42nd. GST Council Meeting held last week. Addressing the …
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NEW DELHI: The states ruled by the Center and the Opposition are set for another showdown on Monday when the GST Council meets to discuss the constitutionally required goods and services tax (GST) offset for state governments for fiscal year 21 . The central government is in a bind as …
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The Goods and Services Tax Council (GST) on Monday was unable to resolve the compensation issue and postponed the matter for the next meeting to be held on October 12. However, the Council made other decisions that will have an impact on companies. Consulting firm EY India summarizes the other …
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Former Finance Minister P Chidambaram tweeted today about the outcome of the GST Council meeting (Archive) New Delhi: Congressman P Chidambaram has congratulated the 10 states that “stood firm and rejected” the central government’s suggestion to borrow money to offset the GST compensation owed to them, an issue that has …
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Finance Minister Nirmala Sitharaman attended the 42nd meeting of the GST Council on Monday evening (Archive) New Delhi: The GST compensation due to state governments for this year, about Rs 20 billion, will be released tonight, Finance Minister Nirmala Sitharaman said on Monday after a marathon meeting of the 42nd …
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