Friday, July 1, 2022
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12 states demand extension of GST compensation beyond June

About a dozen states pitched for extending by a few years the compensation paid to states for revenue lost from the implementation of GST regime

GST: Opp-ruled states demand change in revenue sharing formula between Centre-states

States ruled by non-NDA parties have started clamouring for changing the revenue-sharing formula to protect their revenues

GST rate rationalisation: GoM to meet on June 17

Looking at the high rate of inflation, there is hardly any scope for GST rate rationalisation on goods and services at present, said a Ministry source

Industry to govt: Incentivise manufacturing of electrolysers, green hydrogen end use

Synopsis: While welcoming the green hydrogen policy recently unveiled by the government, the Renewable Energy (RE) industry urged the Centre to consider incentivising both domestic manufacturing of electrolysers through a PLI mechanism and Green Hydrogen end use

Govt extends due dates for filing GST annual return and IT returns

Government has been receiving a number of representations regarding the need to extend the due date for filing the annual return for 2018-19 on the grounds that on account of the COVID-19 pandemic related lockdown and restrictions, FinMin said in a press release

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