Centre violated GST Compensation Cess Act, used funds allocated for states elsewhere: CAG report

The auditor said the Centre used the money for other purposes, which led to overstatement of revenue receipts and understatement of fiscal deficit for the year.

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· Sep 25, 2020 · 09:12 am

GST compensation: Eight parties protest outside Parliament, demand clearance of dues

DMK MP Dayanidhi Maran submitted an adjournment motion in the Lok Sabha over the dues.

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· Sep 17, 2020 · 06:02 pm

GST compensation: Only way to make up for loss of revenue is to borrow money, says Andhra Pradesh CM

Jagan Mohan Reddy said that the state government cannot tax people more and is working on possible revenue generating options.

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· Sep 09, 2020 · 01:03 pm

GST compensation: Jharkhand CM asks Modi to intervene to reinforce trust in ‘cooperative federalism’

In his letter to the prime minister, Hemant Soren called the Centre’s move an ‘act of sovereign default’.

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· Sep 06, 2020 · 09:29 am

GST compensation: Mamata Banerjee asks Centre to take loan, Karnataka opts for special borrowing

The Kerala and Chhattisgarh government have asked the Centre to take loan and clear dues.

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· Sep 03, 2020 · 08:43 am

GST collection dips to Rs 86,449 crore for August, 12% lower than in corresponding month last year

Meanwhile, four chief ministers have written to the Centre against its request to all states to borrow funds to meet the compensation deficit.

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· Sep 02, 2020 · 09:52 am

GST compensation: Chhattisgarh CM asks Centre to take loan to pay Rs 2,828 crore to state

Bhupesh Baghel wrote a letter to Union Minister of Finance Nirmala Sitharaman to the effect.

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· Sep 01, 2020 · 01:03 pm

GST: HD Deve Gowda hits out at Nirmala Sitharaman, says ‘god helps those who help themselves’

Gowda said that the country cannot sit back and wait for god to solve its troubles.

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· Aug 30, 2020 · 06:53 pm

Covid-19: Centre releases details of two borrowing options for states to meet GST revenue shortfall

The states have been given seven days to examine the two options and revert with their choice.

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· Aug 30, 2020 · 09:46 am

Kerala rejects both GST compensation options, asks Centre to take loan

Finance Minister Thomas Issac said both the options will lead to financial loss for Kerala and castigated the Centre for ‘betraying’ the state.

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· Aug 29, 2020 · 08:38 pm

‘If coronavirus pandemic was Act of God, why was the economy doing poorly earlier?’ asks Chidambaram

The Congress leader also said the two options the Centre had given to counter the shortfall in GST collection were unacceptable.

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· Aug 29, 2020 · 11:54 am

Attorney general tells Centre it must compensate states fully for loss of GST income during lockdown

KK Venugopal told the central government that it has to pay full compensation even if there is a shortfall of funds.

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· Aug 26, 2020 · 07:07 pm