- Youthful romantic entertainer wraps its production
- Apollo Unveils India's First 5G Connected Ambulance Service
- ‘Businessman’ re-releases; will it break ‘Pokiri’ re-release collections?
- ‘Narasimha Naidu’ to have a re-release on this auspicious day
- Rakul looks chirpy in a two-piece bikini
- Petrol and diesel prices today stable in Hyderabad, Delhi, Chennai and Mumbai on 03 June 2023
- YS Jagan constitutes a high-level panel to inspect Odisha train accident site
- Major train accidents that India witnessed in last 15 years
- Odisha train tragedy: Union Railway Minister Vaishnaw reaches spot
- APPSC Group-1 Mains examinations begins in Andhra Pradesh
GST Council to discuss compensation issue again
The GST Council in its meeting on Monday is likely to discuss the suggestion of non-BJP ruled states of setting up a ministerial panel to develop consensus on the issue of compensation, sources said.
New Delhi: The GST Council in its meeting on Monday is likely to discuss the suggestion of non-BJP ruled states of setting up a ministerial panel to develop consensus on the issue of compensation, sources said.
The Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising state Finance ministers, will for the third time in a row discuss the issue of funding the shortfall of Goods and Services Tax (GST) revenue of states.
While some opposition ruled states are demanding that a Group of Ministers be set up to arrive at a decision on the mechanism for funding compensation shortfall, BJP ruled states, which have already opted for the borrowing option given by the Centre, are of the view that they should be given a go ahead so that they can get money quickly.
The single agenda 43rd meeting of the Council will discuss on the way forward, sources said.
In its previous meeting last week, the Council had decided to extend the surcharge on taxes on luxury goods such as cars and tobacco products beyond June 2022 but failed to reach a consensus on ways to compensate states for loss of tax revenue.