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
Drugs worth Rs 6 crore seized in Bengaluru, five arrested
Siddaramaiah urges Nirmala Sitharaman to address NABARD’s loan cuts to farmers
BJP stages protest against Congress govt in Karnataka over Waqf properties row
Loyalty Remembered: Mangaluru Airport’s K9 hero Jack passes away
Waqf issue: BJP stages Namma Bhoomi Namma Hakku protest in Bengaluru
MUST WATCH
Latest Additions
Air pollution: SC flags Delhi govt’s failure to implement GRAP-4 curbs on entry of trucks
Drugs worth Rs 6 crore seized in Bengaluru, five arrested
Siddaramaiah urges Nirmala Sitharaman to address NABARD’s loan cuts to farmers
Satwik-Chirag enter semifinals, Lakshya loses to Antonsen in China Masters
BJP stages protest against Congress govt in Karnataka over Waqf properties row
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.