Tag Archives: GST

With the Center agreeing to borrow ₹ 1.1 lakh crore from a special window of the Reserve Bank of India and re-lend it to states, some of the seven states that have not yet accepted the plan are now able to sign it, the Government officials with direct knowledge of …

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 …

One day after the Center announced that it would borrow Rs 1.1 lakh crore on behalf of the states, to the relief of the states as they now do not have to borrow to pay the GST compensation deficit, Finance Minister Nirmala Sitharaman He wrote everyone affirms explaining the change …

“The interest rate will be reasonable,” Finance Minister Nirmala Sitharaman said in her note to the states. New Delhi: After four months of confrontation over GST (goods and services tax) fees, the central government has decided to borrow up to ₹ 1.1 lakh crore on behalf of the states. Finance …

The borrowing, said a statement from the Ministry of Finance, “will have no impact on the fiscal deficit of the Government of India.” The central government will borrow up to Rs 1.10 lakh crore on behalf of states to cover the shortfall in GST collections, the Finance Ministry said on …

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 …

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 …

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 …

A meeting of the Council on Goods and Services Tax (GST) on Monday ended once again without any conclusion and the stagnation in compensation to states for the deficit in their share of indirect tax revenue continues, the finance minister said. of the Union, Nirmala Sitharaman. Nirmala Sitharaman’s comments came …

Nirmala Sitharaman has asked for time to consider the demands of these nine states. (Proceedings) New Delhi: There is still no consensus to break the deadlock between the central government and those of the states and UT on the mode of payment of the GST compensation, the Union Finance Minister …