The Centre today released the GST compensation of Rs 35,298 crore to States and Union Territories. The move came two days ahead of the GST Council meeting scheduled for Wednesday.
It was promised that the Central Government will compensate the states for the loss in revenue collection due to GST... The Centre has not returned the GST amount to the states for the past four months, the party said in its mouthpiece Saamana.
Sonia Gandhi alleged that Modi-Shah were not concerned about parliament or constitutional institutions and were only concerned about their own politics.
The positive growth in the GST collection comes two months after negative growth and 6 per more than the corresponding month of the last year. A total of Rs 95380 crore was collected in October.
Referring to a series of measures taken in the field of infrastructure both in the rural and urban areas, he said that the Make in India and Start-up India projects are going to scale new heights in years to come.
The Reserve Bank of India has cut policy rates by 135 basis points since early 2019 and maintains an accommodative stance
The total number of GSTR 3B returns filed for August up to September 30 is 75.94 lakh, according to a statement issued by the Ministry of Finance.
Sitharaman said notifications giving effect to the recommendations of the Council are proposed to be issued on October 1.
Maruti Suzuki recently observed two days as 'no production days' in view of inventory pile-up. On Monday, Ashok Leyland announced a series of non-working days.
The slowdown in auto sales stems from a severe liquidity crunch in the non-banking financial sector which has dried up lines of credit to both auto dealers and potential car buyers.