GST Compensation Owed To States Will Be Released Immediately: Nirmala Sitharaman
Delhi/Hyderabad, Feb 18 (Maxim News) Union Minister for Finance, Nirmala Sitharaman has announced to release of the GST compensation owed to the states immediately.
This announcement has come in the 49th GST Council meeting, the Union Finance Minister said that Rs. 16,982 crores are pending for June. He clarified that although there is no such amount in the compensation fund at present, it has been decided to pay the amount from the Centre’s own funds. Nirmala Sitharaman announced that the funds will be adjusted from the cess collected in the future. With the latest decision, the amount owed to the states for the last five years under the GST Act 2017 will be cleared, he said.
In today’s meeting, Nirmala Sitharaman announced that the existing 18 percent GST on pencils and sharpeners will be reduced to 12 percent. She said that the existing 18 percent tax on tags used for durable containers and tracking devices will be completely abolished.
Telangana Finance Minister T. Harish Rao has not attended the meeting, while the AP Finance Minister Buggana attended the 49th GST Council meeting chaired by Union Minister Nirmala Sitharaman. (Maxim News)
Next Story :
-
Telangana to distribute fine rice to ration card holders within two months
![Telangana to distribute fine rice to ration card holders within two months]()
Hyderabad, December 19: Irrigation and Civil Supplies Minister Capt N Uttam Kumar Reddy announced that the Telangana government was preparing to distribute fine rice to ration cardholders within the next two months.
-
Israeli Troops Will Occupy Buffer Zone Inside Syria For Foreseeable Future: Netanyahu
![Israeli Troops Will Occupy Buffer Zone Inside Syria For Foreseeable Future: Netanyahu]()
Jerusalem/Internet/Hyderabad, Dec 19 (Maxim News): Prime Minister Benjamin Netanyahu said Israeli forces will stay in a buffer zone on the Syrian border, specifically on the summit of Mount Hermon. until another arrangement is found that will ensure Israel’s security. Netanyahu made the comments from the mountain’s snow-dusted summit – the highest peak in the area -…
-
2,400 Ganja-Laced Chocolates Seized From Kirana Store
![2,400 Ganja-Laced Chocolates Seized From Kirana Store]()
Hyderabad, Dec 19 (Maxim News): The Cyberabad SOT police seized 13 kg of ganja-laced chocolates from a Kirana store at Jagathgirigutta on Wednesday night.
-
Mega Job Mela On December 21 At Masab Tank
![Mega Job Mela On December 21 At Masab Tank]()
Hyderabad, Dec 19 (Maxim News): A mega job mela is being organized on December 21, from 8 am to 1 pm, at Khaja Mansion, Masab Tank, Hyderabad.
-
SSC Examination 2025 Time Table OUT!
![SSC Examination 2025 Time Table OUT!]()
Hyderabad, Dec 19 (Maxim News): The SSC (Secondary School Certificate) Public Examinations, march-2025, will be held in Telangana between March 21, 2025, and April 4, 2025, according to the tentative timetable released by the Board of Secondary Education, Telangana on Thursday.
Now you can get the latest stories from Indtoday on Telegram every day. Click the link to subscribe. Click to follow Indtoday’s Facebook page and Twitter and Instagram. For all the latest Hyderabad News updates
