GST Compensation to States : The Corona Effect

Released on by Monish Bhalla
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  • GST Compensation to States : The Corona Effect Book Detail

  • Author : Monish Bhalla
  • Release Date : 2020-05-24
  • Publisher : Monish Bhalla
  • Genre : Law
  • Pages : 54
  • ISBN 13 :
  • File Size : 40,40 MB
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GST Compensation to States : The Corona Effect by Monish Bhalla PDF Summary

Book Description: As the Country headed for a lockdown, everything came to a standstill. The Industries, the manufacturing units, the big and small businesses, the PSU, the MSME, the IT Parks / hubs, the Auto sector, the Textile sector, the Service sector, Travel/tourism, you name it, it is shut and closed. No Businesses whatsoever. It’s an unprecedented, complete Economic lockdown which the country never even dreamed. No one is sure of when this all will end. The Centre has, so far, released about Rs 2.45 lakh crore as GST compensation to states since the implementation of GST on July 1, 2017. Under GST law, states were guaranteed to be paid for any loss of revenue in the first five years of the GST implementation, which came into force from July 1, 2017. The shortfall is calculated assuming a 14 per cent annual growth in GST collections by states over the base year of 2015-16. The States Share of Compensation Cess is the point of Debate in the GST Council as they prepare to meet in June 2020.

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The COVID-19 pandemic bared the inadequacies in existing structures of public health and governance in most countries. This book provides a comparative analysis

Compendium of GST Cases with Summary

Compendium of GST Cases with Summary

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About the Book You have in your hands the sixth edition of the bi-annual publication on judicial pronouncements on GST laws comprising of analysis of select cas