The Center has demonstrated its arithmetic skills in the superiority game with the states over who pays the GST compensation deficit in this pandemic year. After several opposition states threatened to take the whole matter to court, the Center has come up with a plan that makes it appear that …
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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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By: ENS Economic Bureau | New Delhi | Updated: September 8, 2020 7:27:06 am The Minister of Finance, Nirmala Sitharaman, in the fourth edition of the Business Reform Action Plan. As the States ruled by the center and not BJP Continue to face the mechanism to comply with the compensation …
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Written by Aanchal magazine, Liz Mathew | New Delhi | Updated: September 2, 2020 10:17:32 am The states ruled by the Center and the Opposition are in conflict over the financing of the GST deficit of Rs 2.35 million lakh in the current fiscal year. (File photo) REJECTING the Center’s …
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Five states not governed by the BJP on Monday rejected a proposal put forward by the central government at last Thursday’s Goods and Services Tax (GST) Council meeting that states could borrow to cover their current shortfall in GST revenue. The states agreed during a meeting of finance ministers from …
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Written by Aanchal magazine | New Delhi | Updated: August 29, 2020 9:12:20 am Union Finance Minister Nirmala Sitharaman on Thursday referred to the Covid-19 outbreak as an “act of God” that would result in a contraction of the economy in the current fiscal. With the center-state friction over outstanding …
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