Tag Archives: Tax on goods and services

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 …

“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 …

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 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 …

NEW DELHI: The 42nd meeting of the federal tax body, the Goods and Services Tax Council (GST), is underway via videoconference, primarily to discuss how to fill the deficit in state tax revenue. Mint takes a look at the key issues on the table. What is Monday’s Council meeting about? …

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 …

NEW DELHI : Monday’s GST Council meeting may turn into a stormy affair as states not governed by the BJP are still at odds with the Center on the issue of compensation. While 21 states, mostly governed by the BJP or parties that have supported it on issues, had opted …

The collection of the goods and services tax (GST), a tax on consumption, has shown the first sign of recovery in business activities since the outbreak of the Covid-19 pandemic and the subsequent closure as of March 25 with a 4% YoY growth to Rs 95,480 crore in September and …

NEW DELHI: Up to 21 states, mostly governed by the BJP or parties that have supported it on various issues, have chosen to borrow Rs 97 billion to comply with GST revenue shortfall in the current fiscal, sources said Sunday. The states and territories of the union (UT) that have …