There was money in the compensation fund, but states were still not paid on time. The FM is not willing to give an assurance that the December compensation dues will be paid on time.
There was money in the compensation fund, but states were still not paid on time. The FM is not willing to give an assurance that the December compensation dues will be paid on time.
Punjab is owed Rs 3,100 crore in arrears andnext tranche of Rs 2,000 crore is due on December 31. So,Punjab is staring at a gap of almost Rs 5,000 crores.
The last time I met the FM, she said she would give me an answer, one way or the other, whether they'd clear it or contest it, by the 18th.
When GST was started, we were led to believe that revenues would increase, exports would go up. But today is a sad day.
Unless the government can fix the things on revenue situation, the consensus on GST could unravel.
Voting was not imposed by the Council or by me as the Chair. The option of voting route was put forward by one member of the Council.
Every attempt was made to convince members to arrive at a consensus on lottery GST. The Council was reminded that rules allowed voting; tradition is not part of rule book.
Presentation made by officers committee on on revenue augmentation with respect to compensation needs and rate structure. States also made representations on compensation needs.
Deadline for filing of GSTR-9 for FY17-18 extended to January 31, 2020.
Land lease GST rates to be effective from January 1, 2020. Levy of penalty relaxed for non-filing of GSTR-1 from July 2017.
GSTCouncil has agreed to rationalise GST rates on woven and non-woven bags to 18 percent with effect from March 1, 2020.
There will be a single GST rate of 28 percent on both state-run andprivate lotteries, effective from March 1, 2020.
We were looking at assurances of compensation for states which we did not get.
Cutting across political divide, State FMs demand raising fiscal deficit, larger central allocation for programs- Ayushman Bharat, Social Pensions and MGNREGS, support to farmers, interest subvention to SHGs and streamlining of central devolution to avoid ways and means crisis.
The Central government will have not have appropriate funds to compensate states after February.
