Udayavni Special

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

Assess if physical classes can be held for students of classes 10 and 12 in COVID-free villages: Maha CM

2 more Cong MLAs back Siddaramaiah as CM candidate in next assembly election

Complete pending road works soon: Udupi DC Jagadeesh directs NH officials

B’luru-based firm launches helpline for COVID related legal queries

‘Jal Jeevan Mission’: Govt to provide tap water connection to 25 lakh rural households this year

Sitharaman meets Infosys officials, reviews tech glitches on new I-T e-filing portal

SC refuses to interfere with CBSE, CISCE assessment scheme for evaluating Class 12 students



Related Articles More

2 more Cong MLAs back Siddaramaiah as CM candidate in next assembly election

Complete pending road works soon: Udupi DC Jagadeesh directs NH officials

B’luru-based firm launches helpline for COVID related legal queries

‘Jal Jeevan Mission’: Govt to provide tap water connection to 25 lakh rural households this year

IIT-B scientist gets DCGI nod to launch algo-based COVID-19 testing tool

MUST WATCH

Karnataka Covid-19 Unlock

Jayalaxmi Silks Udyavara | Premium Chiffon Sarees

Massive Landslide in Chorla Ghat

Forest Department personnel responsible for cattle smuggling

All shops permitted to open from June 23 in Dakshina Kannada: Kota Poojary

Latest Additions

Assess if physical classes can be held for students of classes 10 and 12 in COVID-free villages: Maha CM

West Bengal budget session to begin from July 2

2 more Cong MLAs back Siddaramaiah as CM candidate in next assembly election

Complete pending road works soon: Udupi DC Jagadeesh directs NH officials

Power lunch: Adityanath, RSS leaders meet at Dy CM Maurya’s home

Thanks for visiting Udayavani

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