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 Secretariat: Architectural changes in Telangana Secretariat
![Telangana Secretariat: Architectural changes in Telangana Secretariat]()
Telangana Secretariat | Hyderabad, November 18: Minor architectural changes are going on in the Dr. BR Ambedkar Telangana State Secretariat. Click Here To Join Us On WhatsApp The main gate on the east side (Bahubali Dwaram) is being closed. As part of this, the doors were removed and petals were placed in that area. Click…
-
Prematurity Awareness Walk Held At West Marredpally
![Prematurity Awareness Walk Held At West Marredpally]()
A walk for a unique cause—”Prematurity Awareness”—was held in the city today from Parade Grounds to Pushpagiri Vitreo Retina Institute(PVRI) West Marredpally. The walk was organized to bring attention to the challenges faced by babies and families born prematurely. It was organized on the eve of World Prematurity Day, which is celebrated on November 17th.
-
Maha Annakut Mahotsav held at Goushala Satyam Shivam Sundaram Gau Nivas
![Maha Annakut Mahotsav held at Goushala Satyam Shivam Sundaram Gau Nivas]()
South India’s biggest and India’s best maintained Gaushala (cow shelter) Satyam Shivam Sundaram Gau Nivas organized “Maha Annakut Mahotsav” in the city at Umda Nagar in Gaganpahad.
-
Telangana Achieves Rare National Record In Paddy Production
![Telangana Achieves Rare National Record In Paddy Production]()
Telangana has achieved a rare national milestone in paddy production during the Kharif season, recording an exceptional yield of 153 lakh metric tonnes across 66.77 lakh acres. This production level is unparalleled, both in the history of undivided Andhra Pradesh and in the post-formation years of Telangana.
-
Hyderabad Task Force Arrested Eight People Selling Adulterated Ginger Garlic Paste
![Hyderabad Task Force Arrested Eight People Selling Adulterated Ginger Garlic Paste]()
The Hyderabad Commissioner’s Task Force (North) team caught eight persons who were allegedly preparing adulterated ginger garlic paste and selling it in the market. The sleuths seized huge quantities of garlic, ginger, boxes, garlic ginger paste and other articles from them.
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
