GST

December 06, 2020

States accept Centre's GST compensation formula to meet revenue shortfall

The Central government has set up a special borrowing window for the states and union territories who choose Option-1 to borrow the amount of shortfall arising out of GST implementation.

November 26, 2020
Kerala, West Bengal accept Centre's borrowing option to meet GST shortfall

These are among the states that had opposed the borrowing plan.
October 18, 2020
Kerala will get only Rs 5,700 crore as GST compensation

Kerala is hoping that the first tranche will be released on Monday.
October 12, 2020
GST Council meet ends without reaching consensus on compensating states

This was the third meeting in a row that discussed compensation shortfall without a decision.
October 09, 2020
CBI focusing on Rs 3.8 crore transaction at Kowdiar in Life Mission case

Unitac has to pay Rs 3.34 crore as GST for the project. The company has not yet disclosed who has to pay the amount as per the contract.
October 06, 2020
Tax return deadlines extended due to prolonged spell of COVID-19

The deadlines have been extended by one month to three months‌. The fees and penalties for late returns have either been reduced or waived.
October 05, 2020
Centre to release Rs 20,000cr GST compensation, cess to be levied beyond 2022

The compensation requirement of states between April and July stood at Rs 1.51 lakh crore.

States accept Centre's GST compensation formula to meet revenue shortfall

Kerala, West Bengal accept Centre's borrowing option to meet GST shortfall

Kerala will get only Rs 5,700 crore as GST compensation

GST Council meet ends without reaching consensus on compensating states

CBI focusing on Rs 3.8 crore transaction at Kowdiar in Life Mission case

Tax return deadlines extended due to prolonged spell of COVID-19

Centre to release Rs 20,000cr GST compensation, cess to be levied beyond 2022

13 states submit borrowing option to Centre to fund GST shortfall

Column | GST compensation issues wear down India's centre-state relations

GST compensation cess states revenue, Centre can't borrow against it: FinMin sources