Latest news

Don't disturb our exchanges: China after Colombo delays its vessel's arrival over India's concerns

Don't disturb our exchanges: China after Colombo delays its vessel's arrival over India's concerns

BCCI announce Team India squad for Asia Cup

BCCI announce Team India squad for Asia Cup

Jasprit Bumrah to miss Asia Cup due to back injury: Reports

Jasprit Bumrah to miss Asia Cup due to back injury: Reports

China continues military drills around Taiwan even after end of four-day schedule

China continues military drills around Taiwan even after end of four-day schedule

CWG medal tally: India end Commonwealth Games campaign in 4th spot

CWG medal tally: India end Commonwealth Games campaign in 4th spot

Centre in no position to pay GST dues to states: Report

In a meeting of the Parliamentary Standing Committee on Tuesday, Union Finance Secretary Ajay Bhushan Pandey said that the government is in no position to pay the GST share of states as per the current revenue sharing formula, a report in The Hindu said.
Pandey’s comments were in response to a question on the revenue shortfall due to the pandemic. He pointed out that the GST Act has provisions to rework the formula for paying compensation to the state governments if the revenue collection drops below a certain threshold.
The Finance Ministry on Monday said the Centre had released the final installment of Rs 13,806 crore of GST compensation for the financial year 2019-20.
The GST Council was slated to meet in July to work out the formula to rework compensation to the states, but no meeting has been convened so far.

Up Next

Centre in no position to pay GST dues to states: Report

Centre in no position to pay GST dues to states: Report

Mukesh Ambani takes zero salary for the second year in a row; here's why

Mukesh Ambani takes zero salary for the second year in a row; here's why

Explained Binance vs WazirX: The cryptic crypto ownership & the ED angle

Explained Binance vs WazirX: The cryptic crypto ownership & the ED angle

Jio logs in to gaming; know all about - Jio Games Watch

Jio logs in to gaming; know all about - Jio Games Watch

Bout over bots: Elon Musk challenges Twitter CEO Parag Agarwal

Bout over bots: Elon Musk challenges Twitter CEO Parag Agarwal

Tata Motors' EV unit acquires Ford's India factory

Tata Motors' EV unit acquires Ford's India factory

More videos

Viral video puts SpiceJet in more trouble? Passengers walk on tarmac amid bus delay, DGCA probing: report

Viral video puts SpiceJet in more trouble? Passengers walk on tarmac amid bus delay, DGCA probing: report

Elon Musk making up excuses to breach twitter deal?

Elon Musk making up excuses to breach twitter deal?

Reliance to bring Balenciaga to India

Reliance to bring Balenciaga to India

LIC breaks to top-ranked Indian firm on Fortune Global 500 List

LIC breaks to top-ranked Indian firm on Fortune Global 500 List

Explained: Why Taiwan tensions are worrying the tech ecosystem?

Explained: Why Taiwan tensions are worrying the tech ecosystem?

Meet India's richest women

Meet India's richest women

Burberry casts 4-year-old patka-wearing model for autumn-winter '22 collection, sets example

Burberry casts 4-year-old patka-wearing model for autumn-winter '22 collection, sets example

Revealed: The RBI Governor's salary, the comparison with a bank CEO is shocking!

Revealed: The RBI Governor's salary, the comparison with a bank CEO is shocking!

ITR Filing: Mistakes that you should avoid while filing income tax returns

ITR Filing: Mistakes that you should avoid while filing income tax returns

Which country holds the most powerful passport?

Which country holds the most powerful passport?

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.