Tag: GST council meeting

Centre permits 20 states to raise Rs 68,825 crore via borrowing to meet GST shortfall – Times of India

NEW DELHI: The Centre on Tuesday permitted 20 states to raise Rs 68,825 crore through open market borrowings to bridge the GST revenue shortfall....

Form Mechanism to Adjudicate Disputes Between Centre, States: Punjab FM on GST Stalemate

File photo of Punjab Finance Minister Manpreet Singh Badal. Punjab Finance Minister Manpreet Singh Badal emphasised the need to establish a mechanism to adjudicate...

GST Council meet ends without any consensus, finance minister says states need to borrow: Top developments – Times of India

NEW DELHI: The GST Council on Monday ended without reaching any consensus. The meeting -- chaired by finance minister Nirmala Sitharaman -- was a...

Kerala, Bengal, Punjab lead Opposition attack on Centre at GST meet – Times of India

NEW DELHI: Monday’s GST Council meeting brought out the deep fissures between the Centre and the Opposition-governed states with finance minister Nirmala Sitharaman and...

GST Council splits on state compensation; surcharge on luxury goods, tobacco extended

New Delhi: The Goods and Services Tax (GST) Council on Monday decided to extend the surcharge on taxes over luxury goods such as cars,...

GST Council Meet Approves Extension of Compensation Cess Beyond 2022, Say Sources

Sources say that some more options may be discussed by both Centre and states to arrive at a consensus.The GST Council will also take...

Stormy GST Council meet today – Here’s what to expect

New Delhi: The GST Council meeting on Monday may turn into a stormy affair, with non-BJP ruled states still being in disagreement with the...

Centre Writes to States Suggesting Options of Borrowing Money to Make Up for GST Shortfall

The Centre has estimated that of this Rs 2.35 trillion, Rs 97,000 crore compensation requirement is due to GST rollout. Image for representation (Photo courtesy:...

As Centre Treads Middle Path on GST Compensation to States, Consumers Could be Paying Cess Longer

A briefing after the GST Council Meet on Thursday. (Image credit: Twitter@FinMinIndia) ...

Congress Says Not Happy With Outcome of GST Council Meeting, Decisions Thrust Upon Them

File photo of Finance Minister Nirmala Sitharaman, Finance Secretary Ajay Bhushan Pandey and MoS Finance Anurag Thakur. (PTI) ...

Centre gives two options to states on GST compensation, says GST collection impacted due to COVID-19

New Delhi: Union Finance Secretary Ajay Bhushan Pandey on Thursday (August 26) said that GST collection has been severely impacted this year due to...

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