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Total 84 results found. Search for [ gst compensation gap ]

Results 1 to 21 of 84
Prasanna Mohanty
November 17, 2020
As India marches from one economic disaster to another, policy and planning appear to be victims of whims and fancies as and when they strike


PTI
November 14, 2020
In a letter written to Union Finance Minister Nirmala Sitharaman on November 13, Bengal Finance Minister Amit Mitra said that the Centre should convene a meeting of the GST council to reach a unanimous decision


PTI
October 17, 2020
The finance minister's letter to states comes four days after the GST Council meeting failed to reach a consensus on the stalemate over the Centre's proposal of states borrowing against future GST collections to make up for the shortfall


Dipak Mondal
October 13, 2020
FM Nirmala Sithraman while insisted that there is no dispute between the some of the states and the Centre on the issue, she admitted the Council is yet to reach unanimity on the issue of plugging the compensation gap


BusinessToday.In
October 12, 2020
Opposition states says Centre needs to find a common ground on the issue. They say they would move the Supreme Court in case the government put pressure on them and implement option 1


BusinessToday.In
October 11, 2020
Talking about the borrowing options, the source said that the majority of states would opt for the first option. So even if there is a voting, the first option is most likely to win


Vivek Punj
New Delhi, October 6, 2020
GST compensation row unresolved; Council to meet again on October 12The contentious issue of borrowing for plugging states' compensation gap could not be resolved at the 42nd GST Council meeting. The states have been given a week's time to arrive at a conclusion. The Council will now meet again on October 12 to take a final call on the matter.TCS becomes second Indian firm to cross Rs 10 lakh-crore market capTata Consultancy Services on Monday became the second Indian firm after Reliance I...


BusinessToday.In
October 6, 2020
India Stock Market Highlights Today: All 30 Sensex constituents were trading in the green. Index heavyweight HDFC led the rally on the Sensex chart, followed by Asian Paints, IndusInd Bank, HDFC Bank, Mahindra and Mahindra and State Bank of India.


Dipak Mondal
October 5, 2020
Centre assured that the states that they will not be denied compensation even if they don't opt for either of the two borrowing options; compensation cess of Rs 20,000 crore will be disbursed tonight


Dipak Mondal
October 5, 2020
Thomas Isaac said compensation gap can only be discussed when Centre adheres to no bifurcation of revenue shortfall for compensation and no linking of compensation to borrowing limits of states


Dipak Mondal
September 20, 2020
Finance Ministry sources said that the GST Council with full presence of states and UTs needs, as per the GST Act, only 20 states to pass any resolution, in case voting is required on any issue


BusinessToday.In
September 19, 2020
Nirmala Sitharaman says GST compensation will have to be paid from compensation cess kitty only; states are staring at GST revenue shortfall of around Rs 2.35 lakh crore, of which Rs 97,000 crore is believed to on account of GST compensation


Joe C Mathew
September 15, 2020
DMK legislator P Thiagarajan's comments come while the government is scrambling to find money to fund its key expenditure programmes


Niti Kiran
September 14, 2020
According to the details shared by the Minister of State for Finance Anurag Singh Thakur in Lok Sabha, states such as Mizoram and Goa are staring at the widest shortfall of nearly 43 per cent in the comparable period


PTI
September 10, 2020
If the states are forced to borrow, the axe will inevitably fall on capital expenditure by the states which have already suffered a cut, he said


PTI
September 10, 2020
In the current fiscal, the compensation requirement of states has been estimated at Rs 3 trillion, of which Rs 65,000 crore would be funded from the revenues garnered by the levy of cess


Prasanna Mohanty
September 3, 2020
Gross mismanagement of the economy, starting with demonetisation in November 2016 and continued with untimely, unplanned and sudden nation-wide lockdown has compounded the GST problem. Centre's refusal to pay compensation to states now may derail it completely


PTI
September 1, 2020
The two options of borrowing presented by the Ministry of Finance, which primarily require the states to borrow and then meet repayment liabilities will put an extremely \"onerous burden\" on states, Kejriwal said


Dipak Mondal
September 1, 2020
Some states are trying to make it an issue of the Centre versus states, but this is not an issue between the Centre and the states as both are stakeholders and more collaborative efforts are required in the GST Council, says Bihar Finance Minister Sushil Modi


Dipak Mondal
August 29, 2020
In a letter written to finance secretaries of the states and Union Territories, the finance ministry clarified that those states which opt to fill the full shortfall due to COVID-19 and GST implementation, will have to borrow from the open market


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