The Expenditure Department of the Ministry of Finance has granted permission to Tamil Nadu to collect an additional amount of ₹Rs 9,627 crore through open market loans on Wednesday. The permit was granted to Tamil Nadu after the state formally communicated its acceptance of Option 1 to cover the shortfall …
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The Ministry of Finance (MH) allowed 20 states to collect on Tuesday ₹Rs 68,825 crore through loans to cover GST’s revenue shortfall. This comes a day after the Goods and Services Tax Council (GST) met on Monday without reaching a consensus on compensation from the states. An additional debt permit …
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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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NEW DELHI: The GST Council Meeting Monday can become a stormy affair, as states not ruled by the BJP are still at odds with the Center on the issue of compensation. While 21 states, mostly governed by Bjp or the parties that have supported him on issues, had opted until …
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The CAG released its report on Wednesday. In its report on the Union government accounts, presented Wednesday, CAG said the short credit was a violation of the GST Offset Act of 2017. News18.com Last update: September 25, 2020 9:21 AM IST FOLLOW US: Finance Minister Nirmala Sitharaman, citing the opinion …
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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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