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 …

GST compensation

Topics Covered: Government policies and interventions for development in various sectors and issues arising out of their design and implementation. GST compensation: Context: The Centre will release ₹30,000 crore as GST compensation to States this month, from the compensation cess collections during the year. The pending compensation dues to States for 2020-21 are expected to …

GST Compensation

Topics Covered: Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment. GST Compensation: Context: The Goods and Services Tax (GST) Council has failed again to reach an agreement on the contentious issue of borrowings to meet shortfalls in cess collections used to recompense the States for revenue losses from the …