GST compensation:

GS Paper 2: Syllabus: Government policies and interventions for development in various sectors and issues arising out of their design and implementation.   Context: The Centre has released the entire amount of Goods and Services Tax (GST) compensation payable to States up to May 31, 2022 by releasing an amount of ₹86,912 crore. This is …

GST Council’s proposals not binding on Centre, States:

GS Paper 2: Syllabus: Parliament and State Legislatures – structure, functioning, conduct of business, powers & privileges and issues arising out of these.   Context: The Supreme Court has upheld Gujarat High Court ruling which said the Centre cannot levy Integrated Goods and Services Tax (IGST) on ocean freight from Indian importers.       …

GST compensation:

GS Paper 2: Topics Covered: Government policies and interventions for development in various sectors and issues arising out of their design and implementation.   Context: Finance Ministers of several States have demanded that the GST compensation scheme be extended beyond June 2022.   What’s the issue? The adoption of GST was made possible by States …