Stay updated
Now Tobacco and tobacco products, pan masala and Gutka will attract compensation cess on the basis of the retail price instead of a current ad valorem levy. The centre on Friday proposed an amendment in the Schedule of the GST…
A day after presenting his maiden budget, Gahlot said in an interview with TOI that Delhi had taken a hit of nearly Rs 12,000 crore due to the GST measure. “If we don’t ramp up our revenue generation, it will…
Finance Minister Palanivel Thiaga Rajan in his budget speech said despite multiple representations from the States, the Union government refused to extend the original GST compensation period. The GST was introduced on July 1, 2017, and June 30, 2022 marked…
Kerala has received ₹15,610.94 crore by way of Integrated Goods and Services Tax (IGST) till February in this fiscal, according to data furnished in the State Assembly on Friday. Finance Minister K. N. Balagopal, replying to questions in the House,…
Chhattisgarh Chief Minister Bhupesh Baghel met Prime Minister Narendra Modi here on Friday and called for conducting a census soon, while also discussing the issues of GST compensation and coal royalties. During the meeting, Baghel said there is a problem…
The Central government owes the Gujarat government Rs 9,136 crore as compensation for loss of income in the past two years under the provisions of the Goods & Services Tax Act, Finance Minister Kanu Desai informed the Gujarat Assembly on…
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) NOTIFICATION No.1/ 2023 – Compensation Cess (Rate) New Delhi, the 28th February, 2023 G.S.R. 153(E).—In exercise of the powers conferred by sub-section (2) of section 8 of the Goods and Services…
West Bengal Finance Minister Chandrima Bhattacharya on Thursday claimed that the Centre was making contradictory statements on the state’s GST compensation dues by deciding to release the balance for June 2022, and at the same time asserting that audited figures…
Union minister of state for finance Bhagwat Karad said on Tuesday that inflation in India is well controlled thanks to the policies of Prime Minister Narendra Modi. He was speaking at the BJP headquarters in Panaji. He said that GST…
The Union Finance Minister, Nirmala Sitharaman, has attributed the delay in Goods and Services Tax (GST) compensation to certain states to the unavailability of Accountant General (AG)’s authenticated certificates. “AG’s certification is (mandatory) by law between the Centre, states and…