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GST Compensation

Centre Would Not Want The Consequences Of Not Extending GST Compensation On Their Conscience: TN FM P Thiaga Rajan

Jan 14, 2022 Kamalika Ghosh

The GST, which subsumed all service taxes except those on alcohol and petroleum, has not been able to generate as much revenue as had been anticipated during its implementation in 2017.

Nearly Rs 52,000 Crore Paid To States As GST Compensation: MoS Finance

Nov 29, 2021 Outlook Business Team

Minister of State for Finance added the economic impact due to the pandemic led to greater compensation requirements because of lowered GST Collection.


Govt Releases GST Compensation Worth Rs 17,000 Crore To States

Last week, the finance ministry had released Rs 44,000 crore to states and union territories under the back-to-back loan facility meant to compensate them for the GST shortfall.

Finance Ministry Releases Rs 44,000 Crore To States To Meet GST Compensation Shortfall

Oct 28, 2021 Outlook Business Team

The Finance Ministry had earlier released Rs 75,000 crore in October and Rs 40,000 Crore in July. Till date, accounting the latest amount, it has released a total of Rs 1.59 lakh crore in the current fiscal year.

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Photo Gallery

A farmer sits near his red chillies at a deserted APMC market, during the weekend curfew imposed by the Karnataka government to curb the spread of COVID-19, in Hubballi.

PTI Photo

Delhi Chief Minister & AAP National Convenor Arvind Kejriwal being welcomed by women supporters during his door-to-door campaign ahead of the Goa Assembly elections, in Goa.

PTI Photo

A health worker collects swab sample of a woman for COVID-19 test, amid concerns over rising Omicron cases, in Gurugram.

PTI Photo

Traffic jam on a road at Shalimar Bagh during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.

PTI Photo/ Shahbaz Khan

The Lajpat Nagar market wears a deserted look during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.

PTI Photo/ Shahbaz Khan
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