BREAKING NEWS
Siddaramaiah urges Nirmala Sitharaman to address NABARD’s loan cuts to farmers
Satwik-Chirag enter semifinals, Lakshya loses to Antonsen in China Masters
Loyalty Remembered: Mangaluru Airport’s K9 hero Jack passes away
Baba Siddique murder: Man held from Akola, 26th arrest in case
Siblings found dead under mysterious circumstances in Bengaluru
Awards don’t create value for independent films in India: Manoj Bajpayee
Karnataka bypolls: Outcome crucial for both ruling and oppn camps
UP: 25 people booked for attacking civic officials for encroachment removal
Fishing vessel collides with naval platform off Goa coast; 2 fishermen missing
Centre releases 15th Finance Commission grant for rural local bodies in Karnataka
Karnataka BJP chief Vijayendra slams Cong govt over Waqf notices to farmers, fund crunch
Priyanka joining forces with Rahul in Parliament will give ‘sleepless nights’ to BJP: Pilot
Man declared dead wakes up before cremation, 3 doctors suspended in Rajasthan
Teen stabs man to death at railway station in Mumbai after quarrel over local train seat
Baku climate talks: The ‘X’ factor that could determine future of Global South
Basavaraj Bommai meets FinMin Nirmala Sitharaman; seeks release of pending compensation of Rs 11,000 crore from GST Council
Team Udayavani, Jul 2, 2021, 5:21 PM IST
Bengaluru: Home Minister and Karnataka’s representative in the GST council Basavaraj Bommai met Union Finance Minister Nirmala Sitharaman on Friday and sought the release pending compensation from GST Council.
It is said that Rs 11,000 crore to the state is pending for the 2020-21 financial year. The state has so far received Rs 1,776 crore from the total pending dues in this fiscal. Sitharaman said that compensation for all states is being worked out.
In order to make up for losses arising out of the Covid-19 pandemic, the Union Government has decided to borrow and pass it on as GST compensation to states just like last year.
During the 2020-2021 fiscal year, the Centre had borrowed and passed on Rs 12,047 crore to Karnataka to offset losses arising out of the pandemic in GST compensation.
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.