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
Complaint filed against Flipkart, BigBasket for allegedly making employee work on election day
DKShi ‘kidnapped’ 9-year-old girl for property: HDD
PM Modi, Amit Shah to tour Karnataka from April 20
Lok Sabha election a fight between two ideologies: Rahul Gandhi
Agumbe: Villagers in threaten election boycott over infrastructure woes
MUST WATCH
Latest Additions
BJP wants to take away right to vote: Akhilesh
India’s boundaries are completely secure: Rajnath Singh
Complaint filed against Flipkart, BigBasket for allegedly making employee work on election day
DKShi ‘kidnapped’ 9-year-old girl for property: HDD
Woman can’t be held accountable for abetting suicide of lover due to ‘love failure’: Delhi HC