GST Compensation

Odisha State government seeks five-year extension of GST window

Odisha was among at least a dozen states, which sought extension of the compensation, during the 47th meeting of the GST Council held on Tuesday and Wednesday at Chandigarh.

published on : 30th June 2022

GST Council meet: No decision on extending GST compensation to states

With two years being lost in the pandemic, states have sought an extension of this compensation mechanism.

published on : 29th June 2022

Opposition-ruled states demand extension of GST compensation period by five years

As the GST Council commenced here on Tuesday, the states have also cited a recent Supreme Court ruling that decisions made by the Council are not binding and states need not stick to them.

published on : 28th June 2022

Maharashtra stares at Rs 30,000 crore revenue loss if GST compensation not extended

On Wednesday, Chief Minister Uddhav Thackeray had said that the Centre owed Rs 26,500 crore to the state.

published on : 28th April 2022

Finance Minister 'embarrassed' PM by putting out GST dues on day he admonished states: Chidambaram 

Modi raised the issue of many states not adhering to the Centre's call for reducing the VAT on petrol and diesel after his government slashed excise duties on them in November last.

published on : 28th April 2022

GST compensation period for TN unlikely to be extended

The minister said this while responding to questions from PMK floor leader GK Mani, ER Eswaran of the KDMK and T Velmurugan of TVK in the Assembly during zero hour.

published on : 20th April 2022

CM Stalin demands immediate release of Rs 20,860 crore dues from Union government  

CM made this demand during his meeting with Union Finance Minister Nirmala Sitharaman in New Delhi. 

published on : 1st April 2022

TN seeks extension of GST compensation for two years, fears revenue loss of Rs 20,000 crore

The Finance Minister has also warned that global supply disruptions and demand shocks including those triggered by the Russia-Ukraine war can adversely impact the state's tax revenue

published on : 18th March 2022

GST compensation cess period already extended till March 2026: FM Nirmala Sitharaman

Union Finance Minister Sitharaman said the GST council has already decided to extend the compensation cess period till March 2026.

published on : 9th March 2022

Raipur diary: All that is happening in the 'Rice bowl of India'

While claiming that Chhattisgarh received lesser share of central taxes, Baghel suggested the Centre should compensate the loss of revenue of about Rs 5,000 crore in the coming years. 

published on : 1st January 2022

Chhattisgarh CM demands continuation of GST compensation grant for next five years

CM Bhupesh Baghel said there has been a loss of revenue to the states due to the GST tax system, and that the Center has not made arrangements to compensate for the loss of revenue the coming year. 

published on : 30th December 2021

Centre committed to compensate states for 5 years for revenue loss due to GST roll out: Finance Minister Nirmala Sitharaman

Sitharaman said Rs 37,134 crore and Rs 14,664 crore worth GST compensation is yet to be released to states for 2020-21 and 2021-22 fiscal years respectively.

published on : 30th November 2021

About Rs 52,000 crore GST compensation pending to states till September 2021: Finance Ministry

States of Arunachal Pradesh, Manipur, Mizoram and Nagaland do not have any GST compensation pending from the Centre.

published on : 29th November 2021

Centre releases Rs 17,000 crore to states as GST compensation

With this, the total amount of compensation released to the states/UTs during 2021-22 so far is Rs 60,000 crore, the Finance Ministry said in a statement.

published on : 3rd November 2021

GST compensation: Odisha gets Rs 1,779 crore

The release is expected to help the State in planning its public expenditure among other things, for improving, health infrastructure and taking up infrastructure projects.

published on : 29th October 2021
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