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

12,608 new COVID cases in India; 72 deaths

Serial woman burglar, who struck 100 houses after gaining access as help, nabbed in Gzb

Cache of arms dropped from drone on Jammu border seized; LeT informer killed in encounter

Airtel gets spectrum allocation letter, Sunil Mittal hails ease of doing business

Electric double-decker bus new attraction in Mumbai’s BEST fleet

54,342 out of 1,16,223 candidates clear GPTR 2022 Exam

BBMP election issue goes back to Supreme Court


Related Articles More

54,342 out of 1,16,223 candidates clear GPTR 2022 Exam

BBMP election issue goes back to Supreme Court

If I’m Karnataka CM candidate, BJP will easily get 150 seats: MLA Yatnal

Mohammed Fazil murder case: Police arrest person who gave shelter to accused murderers

Bring more services under GramaOne centres, Karnataka CM tells officials

MUST WATCH

Why young men and women mostly become drug addicts?

NEWS BULLETIN 17-08-2022

NEWS BULLETIN 16-08-2022

Independenceday function

Congress Freedom March


Latest Additions

12,608 new COVID cases in India; 72 deaths

Serial woman burglar, who struck 100 houses after gaining access as help, nabbed in Gzb

Cache of arms dropped from drone on Jammu border seized; LeT informer killed in encounter

Airtel gets spectrum allocation letter, Sunil Mittal hails ease of doing business

Electric double-decker bus new attraction in Mumbai’s BEST fleet

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.