“We will discuss and take a call on how to borrow and solve the income deficit (GST). We have given you two options. If they are not acceptable to them, we will discuss it and find a solution. But that doesn’t mean we don’t want to compensate, “Sitharaman said in …
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Center is hard-pressed to pay GST fees to states amid coronavirus crisis New Delhi: Thirteen states have given their borrowing options proposed by the goods and services tax council to cover the deficit in the center’s compensation amid the coronavirus pandemic, sources from the Finance Ministry said. Six more states, …
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NEW DELHI : The full amount of compensation owed to states for the deficit in the collection of the goods and services tax (GST) will be “paid”, the union government said on Monday. Part of it, ₹Rs 97 billion would be paid immediately and the balance over a deferred period …
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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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Center and states are fighting over Rs 2.35 lakh crore owed in GST and Covid compensation (file) New Delhi: Top ministers from six states not governed by the BJP have written to the center to remind it of their “constitutional” responsibilities in the standoff over the Rs 2.35 crore deficit …
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The uncontrolled spread of the coronavirus pandemic across the country has put India’s economy, society and politics under unprecedented strain. A glimpse of the scale of the economic destruction caused was revealed at the 41st meeting of the GST (Goods and Services Tax) Council, where the deficit in compensation payment …
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NEW DELHI: Senior Congress Leader P Chidambaram on saturday i took a look at the finance minister Nirmala Sitharaman on his ‘Act of God’ comments on the economy, saying that “the FM as the Messenger of God” will answer how the “mismanagement” of the economy before the coronavirus pandemic should …
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New Delhi: After mocking Finance Minister Nirmala Sitharaman for her comment on an “act of God”, former Union Minister P Chidambaram sarcastically called her “God’s messenger” on Saturday and asked how “mismanagement should be described. of the economy before the pandemic “. “If the pandemic is an ‘act of God’, …
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NEW DELHI: The Ministry of Finance on Saturday presented the details of the two borrowing options presented to the states under which they can borrow money to make up for the shortfall of Rs 2.35 crore in GST (Goods and Services Tax) revenue expected in the ongoing fiscal . The …
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