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Tag: gst

Govt not reneging on its GST promise to states: FM

2020-09-18 20:27:26| The Economic Times

Govt not reneging on its GST promise to states: FMShe said the Centres transfer to the states, including grants and tax transfers, exceeded its total revenue collection, which had plummeted by over 29 per cent, and it was managing its own spending via borrowings.

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13 states submit borrowing option to Centre to fund GST shortfall

2020-09-13 19:14:36| The Economic Times

Six more states - Goa, Assam, Arunachal Pradesh, Nagaland, Mizoram and Himachal Pradesh - will be giving their option in a day or two, finance ministry sources said.

Tags states submit option centre

GST Council meeting postponed to October 5: Sources

2020-09-11 15:14:05| The Economic Times

The Council was earlier supposed to meet on September 19, to take up rate rationalisation and also the more burning issue of compensation cess to states.

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The showdown over GST shortfall threatens recovery even as Covid cases post fresh spikes

2020-09-10 06:49:07| The Economic Times

The dispute is over 3 trillion rupees ($41 billion) that Modis government owes states this year, because the account from which the funds are disbursed is short by about 2.35 trillion rupees.

Tags post cases fresh recovery

Gehlot seeks PM's intervention over GST tussle

2020-09-09 12:21:10| The Economic Times

Gehlot seeks PM's intervention over GST tussleGovernment of India is only recognising the GST loss by assuming a 10% growth over the previous year and attributing the rest to the Covid pandemic. This is arbitrary and takes only the interest of the Central government into account and has no legal justification, the Rajasthan chief minister said in his letter dated September 7. ET has seen a copy.

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