
Posted on Apr. 21, 2020 By: Team STO
GST Compensation to State the Corona Effect
"This is unacceptable. States are on the frontline battling the pandemic despite severe fund crunch. Instead of providing them additional funds, even legitimate dues are denied by the Centre,"
Tweeted. CPI(M) General Secretary Sitaram Yechury The Corona Effect
“When your weakest opponent raises his voice, it is time to rethink the Strategies”
The Central government reportedly owes around Rs 30,000-34,000 crore to states as the GST compensation for December 2019 and January 2020. The compensation for December-January was supposed to be released by the second week of February. . ...........
Posted on July. 27, 2018By: Team STO
Recent Controversial GST notification generates Tremors in the Textile industry!!
Last year when textile was brought under the GST net, the textile traders protested PAN India to bring down the tax rates. Eventually, the GST Rate was fixed at the lowest possible slab of 5% with a rider that the accumulated credit on account of inverted Tax structure will not be refunded to textile sector. This caused huge accumulation of Input tax credit in the books of Textile manufactures and blockage of funds thus they knocked the doors of the government once again............
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