Tag: GST compensation

Act of sovereign default: Hemant Soren to Narendra Modi over GST compensation

RANCHI: Jharkhand Chief Minister Hemant Soren wrote to Prime Minister Narendra Modi over the GST compensation issue, saying that this “act of sovereign default” runs against the very spirit of cooperative federalism and is symptomatic of the withering trust between the Centre and the states. Referring to the prime minister’s speech at the launch of […]

Modi government communicates borrowing options to settle GST compensation to States

NEW DELHI: States will have to forego borrowing flexibility of 1% of state GDP given under the Atmanirbhar Bharat package if they opt to settle their entire GST compensation shortfall for FY21 through market borrowings. As per the design of the options given to the states by the Narendra Modi government (Centre) to meet GST compensation […]

GST compensation paid to states declines to Rs 11,900 crore in August-September

NEW DELHI: GST compensation paid to states by the Centre has declined to over Rs 11,900 crore during August-September, an official said. The bi-monthly GST compensation paid during the June-July period was Rs 14,930 crore, nearly four-fold jump from Rs 3,899 crore paid in April and May. “Over Rs 11,900 crore has been released to […]

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