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
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
Cement mixer truck overturns near Ambagilu
BJP stages protest against Karnataka govt over Waqf properties row
Youth attempts suicide after being humiliated in public for wearing ripped jeans in Belthangady
MUST WATCH
Latest Additions
Markets stage sharp recovery; Sensex reclaims 79k level, Nifty surges 557.35 points
UP: 25 people booked for attacking civic officials for encroachment removal
SC transfers cheating case against choreographer Remo D’Souza to Delhi court
Fishing vessel collides with naval platform off Goa coast; 2 fishermen missing
BGT Day 1: Bumrah leads India’s spectacular bowling comeback after batting no-show
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.