Search result for 'gst compensation'

Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu presented a Rs 58,514 crore budget for 2025-26 with focus on tourism, rural development, and green energy. The budget includes provisions for...

Himachal Pradesh's 2025-26 budget focuses on eco-tourism, religious tourism, and boosting milk prices. The state also faces financial challenges and aims to combat drug abuse.

Central GST officers detected over Rs 1.88 lakh crore in GST evasion during April-December 2024, including ITC fraud cases. 132 arrests were made and Rs 20,128 crore recovered.

Kerala Finance Minister K N Balagopal expresses hope for financial relief in the upcoming Union Budget, seeking special packages for state issues and projects.

Himachal Pradesh seeks GST compensation from the Centre, referencing the Kyoto Protocol to highlight the need for rewarding climate-friendly states. The state also raised concerns about GST notices...

The 55th GST Council meeting will discuss reducing taxes on health and life insurance, bringing ATF under GST, and rate revisions on 148 items. Learn about the proposed changes and the impact on...

Kerala demands a special package of Rs 24,000 crore to address its liquidity crisis and Rs 2,000 crore for Wayanad relief works, highlighting concerns over GST implementation and fiscal constraints.

The GST Council is set to discuss rate changes on insurance premiums, luxury items like watches and shoes, and a potential new 35% tax slab for sin goods. The meeting will also deliberate on...

The GoM on GST compensation cess has requested a 6-month extension to submit its report to the GST Council. The GoM is examining legal issues related to the cess and its future course.

Punjab Finance Minister Harpal Singh Cheema calls for extension of GST compensation cess beyond March 2026 to mitigate revenue loss caused by GST implementation. He highlights the significant...

The Asian Development Bank (ADB) commends India's progress on fossil fuel subsidy reform since 2010, highlighting a 'remove, target, and shift' approach that reduced subsidies and boosted renewable...

A panel of ministers discussed merging GST compensation cess into taxes. States propose restructuring the cess, ending in March 2026, with no new luxury goods added.

A Group of Ministers (GoM) will be convened by Union Minister of State for Finance Pankaj Chaudhary to decide on the future of GST compensation cess, apportionment between Centre and states, and...

Punjab Finance Minister Harpal Singh Cheema has sought GST compensation to offset revenue losses in the state, highlighting the impact of GST on Punjab's economy. He also advocated for exempting...

India's GST Council will meet on September 9 to discuss rate rationalization and compensation cess on luxury and sin goods. The Finance Minister has stated that a final decision will be taken later.

Former CEA Arvind Subramanian says Centre sacrificed significant GST revenue to compensate states, questioning the need for further reforms in the current climate.

India's central government may repay Rs 2.69 lakh crore in loans taken to compensate states for GST revenue losses by November 2025, four months ahead of schedule. The repayment plan will be...

Finance Minister Nirmala Sitharaman highlights Centre's support to states through tax devolution, GST compensation arrears, and interest-free loans for reforms.

Delhi government announces faceless GST administration, targets Rs 41,000 crore revenue from GST & VAT in the upcoming fiscal year. Budget 2024-25 aims to enhance IT infrastructure & boost revenue.

Tobacco manufacturers face a Rs 1 lakh penalty for failing to register their packing machines with GST authorities from April 1. The move aims to curb revenue leakage in the sector.

India's interim budget aims to reduce fiscal deficit, which experts say is positive for the debt market. Bond yields expected to soften with lower borrowing.

Kerala government slams Centre's fiscal approach, highlighting low alcohol tax contribution and financial constraints. State seeks Supreme Court intervention.

Punjab Finance Minister Harpal Singh Cheema announced that the state received Rs 3,670 crore of GST compensation from the Centre after a new claim was lodged. The state had previously been asked to...

Kerala CM Pinarayi Vijayan accuses Union Finance Minister Nirmala Sitharaman of misleading the public on the Centre's alleged neglect of the state.

Union Finance Minister Nirmala Sitharaman refutes Kerala's accusations of fund neglect, asserting timely disbursement and highlighting state's failure to meet criteria. Learn about the ongoing...