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CST compensation News

06 Feb 2016

States request Jaitley for early release of CST compensation

Majority states in their pre-budget meeting with Finance Minister Arun Jaitley Saturday demanded the Centre should release the long pending compensation for phasing out Central Sales Tax (CST) and provide for such funds in the upcoming Budget.

Goods and Services Tax

25 Apr 2015

Jayant Sinha doesn't see any opposition to GST

The long-pending Goods and Services Tax (GST) Bill was on Friday moved in the Lok Sabha for consideration amid stiff resistance by several Opposition parties.

Central Sales Tax

17 Mar 2015

Govt approves Rs 33,000 cr CST compensation to states/UTs

Government Tuesday approved the release of Rs 33,000 crore in tranches to states and Union Territories to compensate them for revenue loss on account of phasing out of Central Sales Tax for three financial years up to 2012-13.

13 Mar 2015

Rs 32,800 cr paid to states to compensate for CST loss: Sinha

The Centre Friday said it has paid Rs 32,800 crore to states as compensation for phasing out of Central Sales Tax in the run-up to roll-out of Goods and Services Tax.

Central Sales Tax

09 Mar 2015

Govt seeks Parl nod for Rs 11000 cr CST compensation to states

Government Monday sought approval of Parliament to release about Rs 11,000 crore to states and union territories to compensate them for revenue loss on account of phasing out of Central Sales Tax (CST).

CST compensation

09 Mar 2015

Govt seeks Parliament nod for additional Rs 36,953 cr spending

The government today sought an approval from Parliament for an additional Rs 36,952.86 crore as the final batch of supplementary demands as part of grants for 2014-15 to meet the expenditure, mainly towards CST compensation to states and higher outgo for food subsidy.

30 Dec 2014

States to get 1-year grace period for implementing GST

States will get one-year time to implement the provisions of Goods and Services Tax (GST) after introduction of the new indirect tax regime from April 2016.

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