GST Council Meet: Key takeaways
Here’s a look at the major outcomes announced at the post-meeting press conference.
gst compensation
September 2024
March 2023
January 2023
August 2022
June 2022
Sweet and salty: Centre’s cess and surcharge revenue up 111% in 5 years
The central government expects the total revenue from cess and surcharge for FY23 to be ₹3,55,320 crore, a drop of 22% compared to the previous financial year.
End of GST compensation to hit 6 states hard: RBI
The RBI says during the five-year transition period, the top five GST compensation-receiving states were Maharashtra, Karnataka, Gujarat, Tamil Nadu, and Punjab.
Did corporate tax cut of 2019 lead to tax, GDP boom?
A parliamentary panel estimates a loss of ₹1.84 lakh crore due to the 2019 corporate tax cut in the first two fiscals of FY20 and FY21 alone
Chhattisgarh minister T.S. Singh Deo writes to FM seeking extension of GST compensation
Deo pointed out in the letter that states need to be compensated beyond 2022 as they are still suffering great losses.
