The Centre’s attempt of providing two options to give back states their GST dues failed to take off after more Opposition chief ministers wrote to Prime Minister Narendra Modi while the BJP-ruled states of UP, Gujarat and Bihar have sought an extension of one week’s deadline to submit their preferences.
On Wednesday, Kerala CM Pinarayi Vijayan and West Bengal’s Mamata Banerjee wrote to the PM asking him not to go ahead with plans of transferring GST compensation burden on states. They also mentioned the dire straits of state finances due to a massive revenue shortfall.
Source: tribuneindia.com
Latest Posts in "India"
- Supreme Court: VAT Credit Cannot Be Denied Due to Supplier’s Tax Default
- Trickiest countries in which to achieve compliance
- India announces changes in the Invoice Management System
- GST: India’s Grand Federal Bargain Becomes Imperfect Political Compromise After Eight Years
- GST 2.0 Boosts Bengal’s Economy with Rate Cuts on Local Goods and Industries