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Total 1735 results found. Search for [ gst council ]

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Prasanna Mohanty
September 10, 2020
This is Part I of two-part article revisiting critical economic decisions that eventually led to minus 23.9% growth in Q1 of FY21. Blaming exogenous factors (pandemic) or intense lockdown is merely an excuse to divert attention from government's ineptitude and thwart meaningful debate


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


PTI
September 9, 2020
He asked opposition parties in Maharashtra to raise unitedly with the state government the demand before the Centre for clearing the state's GST dues


Dipak Mondal
September 8, 2020
Finance Ministry sources said that working out revenue shortfall on account of GST implementation is just a mechanism to assess how much of the shortfall should be met by borrowing and how much could be deferred


BusinessToday.In
September 7, 2020
Rajan added that the belief that the government cannot spend on both relief and stimulus is too pessimistic, highlighting the need to expand resources and spend cleverly


PTI
September 5, 2020
Referring to the prime minister's speech at the launch of the GST in July 2017, Soren said Modi had portrayed the new tax regime as a great example of cooperative federalism that would herald inclusive growth of the nation


PTI
September 5, 2020
Modi also said that while the departments of commercial taxes, registration and transport witnessed decrease in revenue collection, the mines department registered a growth of 77.93 per cent despite adverse conditions


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


BusinessToday.In
September 1, 2020
Goods and Services Tax (GST) revenue collection for the month of August stood at Rs 86,449 crore, the government data showed on Tuesday


PTI
September 1, 2020
He will preside over the next Lok Sabha polls in 2024. According to rules, an election commissioner has six years on the post or till he turns 65, whichever is earlier


PTI
September 1, 2020
A Delhi government statement said Sisodia, who is also Delhi's finance minister, discussed viable options with the finance ministers regarding the shortfall in the economy due to the COVID-19 outbreak


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


BusinessToday.In
August 31, 2020
Congress has demanded that a Joint Parliamentary Committee investigation should be launched on the matter immediately. The INC has also demanded a criminal investigation into the affairs of Facebook in India and the people involved


Nirbhay Kumar
August 29, 2020
Economists suggested the stimulus to be 2% of the GDP and should be shared between central and state governments so that the burden is evenly distributed between them and benefits are also shared in the same proportion


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


Dipak Mondal
August 29, 2020
The Centre, on Saturday, clarified that the states are entitled to compensation as per the method provided in Section 7 of the Goods and Services Tax Act 2017 for the transition period, regardless of the cause of the shortfall


PTI
August 29, 2020
Former Karnataka Chief Minister H D Kumaraswamy advised the Centre to borrow from the RBI and compensate the states for the losses, instead of asking them to borrow from the central bank


PTI
August 29, 2020
Under the law, the obligation to compensate the states falls solely on the central government, the senior Congress leader noted


PTI
August 28, 2020
While participating in the 41st GST Council on Thursday through video-conferencing, the deputy chief minister requested the Centre to provide maximum financial support to Haryana, as the COVID-19 pandemic has adversely affected the economy of the state


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