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States to push for continuing GST compensation beyond June

To meet the shortfall in the GST compensation fund, the Centre has borrowed and released to states Rs 1.1 lakh crore in 2020-21 and Rs 1.59 lakh crore in 2021-22 as back-to-back loans to meet a part of the shortfall in cess collection.

Uttar pradeshNirmala sitharamanServices taxUnion finance ministerFinance ministersUnion finance minister nirmala sitharamanGst compensationGst compensation shortfallStates gst compensationGst compensation to states

Centre Dips Into Its Own Coffers To Clear Entire GST Compensation Dues Till Date, Rs 86,912 Crore Released To States

Centre Dips Into Its Own Coffers To Clear Entire GST Compensation Dues Till Date, Rs 86,912 Crore Released To States
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Services taxWith inputs fromGst compensation to states actGst compensation shortfall

₹7 35 Lakh Crore Compensation Paid To States Since GST Regime Commenced, Only 4 Months Due Pertaining To FY 21-22 Pending : FinMin

₹7 35 Lakh Crore Compensation Paid To States Since GST Regime Commenced, Only 4 Months Due Pertaining To FY 21-22 Pending : FinMin
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Union finance ministry on wednesday aprUnion finance ministryStates actFinance ministryGst compensation cessGst compensation shortfall

Government Releases Rs 6,000 Crore To States As GST Compensation

The Union Finance Ministry on Friday said it has released the 13th weekly instalment of Rs 6,000 crore to 23 states and three Union Territories (UTs) to meet the GST compensation shortfall.

Uttar pradeshUnion territoriesAssembly delhiServices taxUnion territories utsUnion finance ministry onUnion finance ministryLegislative assemblyArunachal pradeshFinance ministryCentral governmentGross states domestic productGst compensationGst newsGst compensation newsGst compensation shortfall

Finance Ministry will release Rs 47,541 crore advance installment of tax devolution to states

The Finance Ministry, on Thursday (January 20), announced that the Centre will release an advance installment of tax devolution to the states amounting to Rs 47,541 crore.

New delhiNirmala sitharamanUnion budgetFinance ministryMinister nirmala sitharamanAlso readTax devolutionGst compensation shortfallGst compensationGst compensation