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Punjab Finance Minister Harpal Singh Cheema on Tuesday informed the House that the state government has received Rs 3,670 crore of Goods and Services Tax (GST) compensation from the Centre after it lodged a new claim of Rs 5,005 crore…
The Bihar government on Wednesday urged the Centre to consider extending for another five years the GST compensation awarded to states, which was discontinued last year. State Finance Minister Vijay Kumar Chaudhary flagged it as one of the expectations from…
The Union Government has released two instalments of tax devolution to State Governments amounting to Rs. 1,16,665.75 crore on August 10, 2022, as against the normal monthly devolution of Rs. 58,332.86 crore. This is in line with the commitment of…
Circular No. 178/10/2022-GST F. No. 190354/176/2022-TRU Government of India Ministry of Finance Department of Revenue (Tax Research Unit) Dated 03.08.2022 To, The Principal Chief Commissioners/Chief Commissioners/ Principal Commissioners/ Commissioner of Central Tax (All) / The Principal Director Generals/ Director Generals…
As per the recent tweet by CNBC-TV18, sources say the GST Council meet concludes, no decision was taken on extending Compensation to states. It approved a proposal to impose a 12 percent tax on hotel rooms costing below Rs 1,000 per day.…
Compensation or income received by certain land-owners on account of the property acquired by the National Hi-Speed Rail Corporation Ltd (NHSRCL) for the Mumbai-Ahmedabad bullet train project through private negotiations and sale deed is exempted from tax, the Bombay High…