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GST compensation cess to stay beyond June 2022 to help states – Times of India NEW DELHI: After joining hands with the states at the GST Council to extend the applicability of compensation cess on cars, coal and soft drinks beyond June 2022, the Centre on Monday closed the room for further negotiation, arguing that the modalities of borrowing funds can’t be finalised by the panel comprising Union and state finance ministers.
Act of god or man, full compensation must be paid: Thomas Isaac, kerala Finance Minister
Act of god or man, full compensation must be paid: Thomas Isaac, kerala Finance Minister
Kerala Finance Minister Thomas Isaac says the state is confident it will get its total dues from the Centre. With a big chunk of the state’s revenues coming from the Centre as taxes and dues, it has little leeway Kerala Finance Minister Thomas Isaac has been leading the charge in the criticism against the Cen- tre’s two options to states to make good the short- fall in GST revenue. “Any option…
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Centre writes to states on terms for financing GST shortfall
Centre writes to states on terms for financing GST shortfall
NEW DELHI : The Narendra Modi administration on Saturday wrote to states giving them finer details of the borrowing options to choose from for dealing with their GST revenue shortfall, with the assurance that senior officials were ready to clarify their doubts.
The letter addressing state finance secretaries assured them that Union finance secretary Ajay Bhushan Pandey and…
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