News Karnataka
Thursday, June 30 2022
Bengaluru

GST compensation cess period extended till March 2026: Nirmala Sitharaman - 1 min read

Bengaluru: Union Finance Minister Nirmala Sitharaman on Wednesday March 9 said that the GST compensation cess period has been extended till March 2026. This has been done to enable the Centre to repay loans taken to provide compensation to all states in 2020.

Speaking to mediapersons, Sitharaman answering to query on Chief Minister Basavaraj Bommai urging the Centre to extend the GST compensation period ending in June said that it is the GST council that has to decide and we have discussed the issue. Further, she informed that the GST council has already decided to extend the compensation cess period till March 2026.

Elaborating on the same, Union Minister said that the extension is made to pay off the loan taken. Compensate all states that could not be paid off in 2020, and also that were not fully paid in 2021.

See also  GST Intelligence official in Kerala goes missing
MANY DROPS MAKE AN OCEAN
Support NewsKarnataka's quality independent journalism with a small contribution.

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Leave a Reply

Your email address will not be published.

Subscribe to our Podcast across platforms
AnchorAmazon MusicSpotifyGoogle PodcastsRadio PublicRSS

Visit 7Jackpots and find the best online casinos in India! Play the most popular casino games for real money!

Find the best odds at 10Cric and ipl betting 2021! Signup today and get up to a 100% deposit bonus.

Subscribe Newsletter

Get latest news karnataka updates on your email.

To get the latest news on WhatsApp