Page 10 - Gst Compensation

States to get Oct-Nov GST compensation before next Council meet

The Centre has estimated a compensation cess shortage of Rs 63,200 crore in 2019-20 (FY20)

GST compensation to states delayed due to low realisation of cess: FM

At the time of the introduction of GST, it was agreed that the Centre would compensate states for shortfall in GST collections as per a defined formula

States may not get GST compensation in full, says Finance Ministry

Centre for rate hike to make up for Rs 30K-cr revenue gap

Centre to release another Rs 35,000 cr GST compensation to states soon

Under the Goods and Services Tax (GST) law, states are guaranteed compensation for revenue loss for 5 years if their revenue does not increase 14 per cent on the base year of 2015-16

GST compensation fund likely to fall short by Rs 25,000 cr in FY20: Icra

The agency assesses the compensation for the losses related to the goods and services tax (GST), required by all the states for the period from October 2019 to January 2020, at Rs 60,000-70,000 crore

Statsguru: Despite GST dues payment, worries far from over on revenue front

IGST collection on imports shows a disturbing trend with a fall for four consecutive months

GST compensation dues for 9 states could double to Rs 70,000 crore: ICRA

Centre will recover the excess amount paid last year by adjusting the same in this year's payment

GST compensation payment to 9 states may double to Rs 70K-cr in FY20: ICRA

Subdued economic growth and reductions in GST rates have resulted in a muted 3.7 per cent rise in the headline GST collections in April-November 2019

GST revenue growth promised to states may be trimmed to 10-12% from FY21

The idea was discussed during the presentation given by chairman of the 15th Finance Commission (15th FC) N K Singh, in the previous GST Council meeting

In a first, GST Council votes, states say Centre close to sovereign default

In the Council meeting, the panel resorted to voting to decide whether a uniform tax on lotteries should be levied or a two-rate system be followed.

Centre releases over Rs 35,000 crore relief to states ahead of GST meet

The payment was pending since August, drawing protests from states, particularly non-BJP ruled ones

Centre releases over Rs 35,000 crore as pending GST compensation to states

Move comes ahead of GST Council meeting

Under fire, Centre releases Rs 35,298 crore GST compensation to states

The GST Council, the highest decision making body of the indirect tax regime, is slated to hold its meeting on December 18

Telangana CM urges Nirmala Sitharaman to release Rs 4,531 cr in GST dues

KCR says despite a higher tax devolution as per Union Budget 2019-20, the receipts by the state till November were actually lower than in the same period last year

Govt will honour compact to give states their share of GST: Sitharaman

Sitharaman's statement comes after Kerala last week threatened to take the central government to Supreme Court over delay in the payment of compensation to states

Automobile slowdown has shrunk GST compensation kitty, says Sushil Modi

The fund is used to compensate the states for revenue shortfall suffered due to roll out of the new indirect tax

Kerala threatens to take Centre to SC over delay in payment of GST dues

The issue could become a major one at the GST Council meeting on December 17-18 in New Delhi

FM Sitharaman assures states of releasing GST compensation dues soon

Sitharaman on Wednesday said the Centre was duty bound to safeguard the interest of states

State FMs meet Sitharaman, express concern over delay in GST compensation

Speaking to reporters after the meeting, Punjab Finance Minister Manpreet Singh Badal said, August and September compensation has not been released to states.

GST and compensation cess review on cards as collections fall short

If states' GST revenue does not grow by at least 14%, the Centre pays them the difference, after every two months