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Gst Compensation Cess

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Subterfuge: Mamata writes to PM over GST

 West Bengal Chief Minister Mamata Banerjee on Wednesday wrote to Prime Minister Narendra Modi that depriving states of Goods and Services Tax compensation is an "attempt to undermine federalism"......

Govt used GST compensation cess elsewhere, violated law: CAG

 The CAG has found that the Union government in the very first two years of the GST implementation wrongly retained Rs 47,272 crore of GST compensation cess that was meant to be used specifically to......

Key decisions taken at the 55th GST Council meet

 The goods and services tax council on Saturday decided to levy an 18 per cent GST on margin value on sale of used electric vehicles by businesses and agreed to keep jet fuel (ATF) out of the......

FY'22 GST compensation shortfall estimated at Rs 2.69 lakh cr

 The shortfall in GST compensation payable to states in the current fiscal is estimated at Rs 2.69 lakh crore, of which Rs 1.58 lakh crore would have to be borrowed this year. Illustration: Dominic......

Centre releases Rs 36,400-cr GST compensation to states

 Under the law, states were guaranteed to be paid for any loss of revenue in the first five years of the GST implementation from July 1, 2017. Illustration: Uttam Ghosh/Rediff.com The Centre has......

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

 In the current financial year, the Centre released nearly Rs 1 lakh crore compensation to the states till September. Illustration: Dominic Xavier/Rediff.com Pegging the unpaid GST compensation to......

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