GST compensation

Govt releases Rs 40,000 crore for states, UTs

Finance Ministry on Thursday released an amount of Rs 40,000 crore to the states and Union Territories under the back-to-back loan facility to meet the shortfall in GST compensation.

published on : 8th October 2021

Rs 2,921.84 crore due to Kerala as GST compensation till August this fiscal

Similarly, the state is yet to receive balance of Rs 1,473.34 crore in 2020-21, Rs 25.79 crore in 2018-19 and Rs 57.32 crore in 2017-18,

published on : 6th October 2021

Puducherry seeks extension of GST Compensation period by another five years

 After implementation of GST, the UT of Puducherry is suffering revenue loss due to structural issues in GST viz., destination principle.

published on : 18th September 2021

KTR challenges Telangana BJP chief Bandi Sanjay Kumar over GST compensation

The IT and Industries Minister criticised the Centre for not sanctioning any medical college, IIM or Navodaya school for Telangana. 

published on : 14th September 2021

Extension of GST compensation period sought 

Chief Minister Basavaraj Bommai on Thursday appealed to the Union Government to extend the Goods and Services Tax (GST) compensation period to states for three more years.

published on : 27th August 2021

Centre agrees to clear FY21 pending GST compensation of Rs 11,400 crore in instalments: Karnataka CM

Newly appointed Karnataka Chief Minister Basavaraj Bommai's statement came after meeting Union Finance Minister Nirmal Sitharaman in the national capital.

published on : 31st July 2021

Rs 81,179 crore due to states as GST compensation for FY21

Minister of State for Finance Pankaj Chaudhary said that the Centre will borrow Rs 1.59 lakh crore from the market through a special window in the current fiscal year and pass it on to states/UTs.

published on : 19th July 2021

Telangana to get GST compensation of Rs 2,155 crore

Out of the total amount of Rs 2,155 crore, the State will get Rs 1,968.46 crore under five year tenor and Rs 186.79 crore under two year tenor.

published on : 16th July 2021

Kerala to receive Rs 4,122 crore as GST compensation

Kerala will get Rs 4,122.27 crore from the Rs 75,000 crore that the Union finance ministry has released to states and union territories as compensation for shortfall in GST revenues.

published on : 16th July 2021

GST compensation: Centre releases Rs 8,542 crore to Karnataka

The same principles that were applied to similar loans last fiscal year will be applied this year as well.

published on : 16th July 2021

Centre transfers Rs 75,000 crore GST compensation to states

The move will not only help states to manage Covid-19 situation better, but also boost expenditure, thus helping in boosting the economy.

published on : 15th July 2021

Karnataka to get Rs 18k crore this fiscal to offset GST compensation shortfall

Despite this, the shortfall in revenue under the GST regime was an additional Rs 12,000 crore for Karnataka.

published on : 11th June 2021

Centre set to borrow Rs 1.58 lakh crore to pay states, make up for shortfall in GST compensation cess

Last year the GST Council decided to borrow Rs 1.10 lakh crore, to pay the states in order to make up for the shortfall.

published on : 29th May 2021

Rajasthan housing minister interacts with FMs of six states; demands GST compensation from Centre

Shanti Dhariwal was interacting with the finance ministers of six states in a virtual meeting held on Wednesday.

published on : 26th May 2021