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GST compensation

GST revenues rise 11 per cent to Rs 1.46 lakh crore in November

This is the ninth straight month when collections from Goods and Services Tax (GST) have remained above Rs 1.40 lakh crore.

published on : 1st December 2022

States borrowing falls 7 bps to 7.61 per cent as bond supplies dry up on central payouts

Overall, November saw Rs 57,200 crore of state bond issuance only, which is 42 per cent lower than the Rs 98,200 crore indicated for this month in the auction calendar.

published on : 29th November 2022

Centre releases Rs 17k crore GST compensation to states/UTs for April - June

The total amount of compensation released to the states/UTs so far, including the aforesaid amount, during the year 2022-23 is Rs 1,15,662 crore, the statement added.

published on : 25th November 2022

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