K’taka seeks release of pending compensation of Rs 11,000 crore from GST Council
Team Udayavani, May 29, 2021, 8:06 AM IST
Bengaluru: The Karnataka government asked the GST council to release compensation of Rs 11,000 crore to the state that is pending for the 2020-21 financial year.
Home Minister Basavaraj Bommai, who represents the state in the GST Council, which met today under the Chairmanship of Union Finance Minister Nirmala Sitharaman, requested it to extend the loan facility for compensation to the states to 2021-22 fiscal, his office said in a statement.
The Minister also discussed the demand that the GST compensation to states be extended beyond 2022.
Bommai further said that goods like oxygen equipment, PPE kits and medicines for black fungus should be included in the list of concessional goods.
He also suggested bringing down tax rates on Covid- related goods from 12 per cent to 5 per cent for medical grade oxygen, oxygen concentrators/generators, pulse oximetres and testing kits till August 31.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Kumaraswamy and Shivakumar spar over sex scandal involving Hassan MP
Congress stands for commission, corruption and cronyism, says BJP chief Nadda
Revanna case: BJP launches counter-attack on Congress, questions delayed action by Karnataka govt
Newly built Dr Ramdas M Pai Block inaugurated at Kasturba Hospital, Manipal
Nadda holds roadshow in Karnataka’s Haveri
MUST WATCH
Latest Additions
‘Shehzada’ dig: 3 generations of Nehru-Gandhi family sacrificed themselves for country, says Sharad Pawar
Rinku Singh a casualty of IPL’s ‘Impact Player’ rule: Report quotes BCCI source on T20 World Cup
Delhi cops question Youth Cong leader in MP’s Chhatarpur over fake video of Shah
Kumaraswamy and Shivakumar spar over sex scandal involving Hassan MP
Poor people have more children, why only Muslims are being targeted: Kharge asks PM