GST Compensation
States are seeking an extension of GST compensation for five more years.
Reason for Demanding Extension
- Pandemic Effect: States say their revenue situation is yet to improve on two counts — due to the introduction of the GST and because the pandemic has affected revenue collection.
- Higher Expenses: At the same time, their expenses have gone up and they expect higher deficit as revenue growth is low.
About GST Compensation
- The Constitution (One Hundred and First Amendment) Act, 2016, was the law which created the mechanism for levying a nationwide GST.
- It provided to compensate the States for loss ....
Do You Want to Read More?
Subscribe Now
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Related Content
- 1 Bharat Cleantech Manufacturing Platform
- 2 Five New Industrial Clusters from India join WEF Initiative
- 3 Logistics Ease Across Different States (LEADS) 2024 Report
- 4 Team Initiative:Boosting Digital Commerce for MSMEs
- 5 Diamond Imprest Authorization Scheme
- 6 National Critical Minerals Mission
- 7 Mutual Credit Guarantee Scheme for MSMEs
- 8 National Manufacturing Mission
- 9 Financialisation of the Economy
- 10 Undercapitalization of Indian Debt Market
- 1 Centre Approves Implementation of PMKSY for 2021-26
- 2 Floating Rate Bond
- 3 Non-Convertible Debentures
- 4 SEBI Proposes Rules for Retail Algo Trading
- 5 RBI Introduces PCA Framework for NBFCs
- 6 Centre Bans Futures Trading in 7 Commodities
- 7 SEBI's new IPO Norms
- 8 India Loses WTO Dispute over Sugar Subsidies
- 9 One Commodity One Exchange
- 10 CAG Report on Indian Railways
- 11 Centre Clears Ken-Betwa River Interlinking Project
