Sep 20, 2021 03:07 PM IST
The centre's stand, that compensation will not be extended beyond June 2022, as provided in the Constitutional amendment that introduced GST from July 2017, is starkly different from what politicians and officials from opposition-ruled states told media after the GST Council meeting in Lucknow on September 17.
- Sep 17, 2021 10:07 PM IST
Addressing the media after the meeting of the GST Council in Lucknow, Sitharaman and Bajaj said that while compensation cess will be collected till March 2026, it will be to pay back the interest and principal of the Rs 2.69 lakh crore total that the centre borrowed and will borrow in 2020-21 and 2021-22, and transferred to states.
- Sep 17, 2021 08:44 PM IST
The items on which rate cuts were made included Remdesivir, Tocilizumab, medical grade oxygen, oxygen generator, ventilators, masks, covid testing kits, oximeters, hand sanitizers, cremation furnaces, ambulances, temperature checking devices and others.
- Sep 17, 2021 05:12 PM IST
Moneycontrol understands that one of the options being given to the states is continuing compensation in lieu of tax shortfall at a much lower rate than the existing 14 percent. It could be 11 percent or lower. It is also learnt that the centre is presenting to states some revenue enhancement measures which will enable them to depend less on the shortfall compensation from the centre.
- Sep 17, 2021 08:03 AM IST
The Council is expected to discuss the extension of compensation to states beyond 2022, rationalizing the inverted duty structure on supply chain of certain items, bringing petrol and diesel under GST, extending the GST exemption on Covid-essential items, and deciding the future of profiteering cases, since the tenure of the National Anti-Profiteering Authority ends in November.
- Jul 01, 2021 01:26 PM IST
Projected compensation from Boeing for grounded jets helps Indian carrier cushion losses. The airline’s other income in 2020-21 has risen nearly six times on the provision for damages. Over the past two years, the airline has reported Rs 1,232.25 cr as compensation for the grounding of 737 MAX
- May 30, 2021 01:52 PM IST
Pointing to a broad cross section of issues, ranging from the design of the GST Network that he said makes it harder for MSME firms to integrate fully, an enforcement model fragmented between Union & State government inspectors, to the enacting of laws with 'draconian' enforcement actions, Thiagarajan repeatedly stressed the current GST model does not serve the interests of the taxpayers.
- May 28, 2021 11:17 AM IST
Delhi COVID Deaths: The committee will assess online and offline complaints and/or representations regarding deaths due to oxygen shortage on “case-to-case basis”
- Mar 15, 2021 05:29 PM IST
The state governments may need to utilise as much as 70-90 percent of their enhanced borrowing limits for FY2022 to meet the shortfall.
- Jul 28, 2020 06:21 PM IST
Under GST law, states are guaranteed to be paid for any loss of revenue in the first five years of the GST implementation from July 1, 2017. The shortfall is calculated assuming a 14 percent annual growth in GST collections by states over the base year of 2015-16.
- Apr 26, 2020 06:17 PM IST
Taxi associations in Goa have demanded compensation for loss of income due to the lockdown in place for the novel coronavirus outbreak, an official said on Sunday.
- Apr 17, 2018 10:46 AM IST
A home loan borrower should immediately obtain an acknowledgment in writing from the bank that the sale deed has been lost. The letter should bear a seal and signature of the bank officials
- Apr 04, 2017 07:31 PM IST
The highest increment of 12.5 per cent is reported by the e-commerce sector, the lowest of 8.1 per cent is that of logistics, the survey said.
- Apr 03, 2017 12:23 AM IST
Infosys co-founder Narayana Murthy has questioned the pay hike given to COO Pravin Rao.
- Feb 24, 2017 10:54 AM IST
A report by Economic Times Intelligence group on the salary drawn by CEOs of Nifty companies‘ pegs average annual remuneration at Rs 13 crore, nearly 237 times the median pay scale drawn by other employees at their respective company.
- Feb 13, 2017 07:25 PM IST
"The concerns raised over CFO Rajiv Bansal's severance pay are valid.... But they said it was hush money, which was deeply disturbing," said Infosys Chairman R Seshasayee.
- Feb 05, 2017 11:58 AM IST
With a number of startups collapsing mid-way, many employees are now preferring bonuses instead of Employee Stock Option Plans (ESOPs) as part of their compensation package, industry experts said.
- Jan 04, 2017 09:26 PM IST
GST council‘s meeting remain inconclusive amid persistent differences regarding issues on â€œdual control,â€ compensation and taxing rights over goods moving through seas
- Jan 03, 2017 09:37 PM IST
States want Centre to raise compensation corpus from Rs 55,000 crore to Rs 90,000 crore; new roadblocks surface on taxation rights of goods transported through territorial waters
- Oct 25, 2016 03:26 PM IST
Company being asked for compensation of Rs 43 lakh is an old issue, says Mithun Chand, ED of Kaveri Seed Company.
- Oct 18, 2016 08:37 PM IST
The GST Council will now discuss the tax rates, the most contentious issue, on Wednesday and Thursday.
- Oct 04, 2016 10:00 PM IST
Nadella, who is betting on technologies like cloud computing and artificial intelligence to steer the software major's growth, had a compensation of USD 18.3 million in the year ended June 2015.
- Jul 27, 2016 08:27 PM IST
The Bill will also mention that dispute resolution will be decided by the GST council. The government has also included five years compensation clause for state governments for any loss that they may incur.
- Jul 01, 2016 01:40 PM IST
House buyers had sought compensation from Unitech after it failed to deliver booked flats on time.
- Jun 28, 2016 02:26 PM IST
"We have said that if necessary we are ready to pay compensation," Yildirim told public TV network TRT late on June 27, hours after President Recep Tayyip Erdogan reached out a conciliatory hand to Moscow over the incident that shattered ties between the two nations.