Monday, 16 December 2019

Move comes ahead of GST Council meeting
GST, goods and services tax
In front of the GST Council meeting on Wednesday, the Center on Monday looked to alleviate the frayed nerves of states by discharging over Rs 35,000 crore as pending remuneration. “The focal government has discharged GST pay of Rs 35,298 crore to states and association domains today (Monday),” the Central Board of Indirect Taxes and Customs (CBIC) said in a tweet.
This is probably going to give a positive sign to states for the up and coming gathering, which may take up different choices to raise assets to remunerate states. Prior in the day, Union Finance Minister Nirmala Sitharaman guaranteed states that the Center would not “renege” on the guarantee of GST compensation
There was, nonetheless, some disarray over the period for which the paid sum was discharged. States said with this installment they got pay levy till September. “Pay has been discharged to the states for the long periods of August and September. We are cheerful that remuneration for October and November will be discharged before the month’s over,” Bihar Deputy Chief Minister Sushil Modi revealed to Business Standard.
Prior, Parliament’s Standing Committee on Finance had said the Center had paid Rs 45,745 crore as pay to states for the initial four months of the current money related year. The duty was paid in June and August. Be that as it may, as indicated by Sitharaman’s announcement in the Rajya Sabha, the Center had discharged remuneration of Rs 65,250 crore till October this year…

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