Goods and Services Tax – GST Dated:- 16-12-2019 – News – Mumbai, Dec 16 (PTI) Union Finance minister Nirmala Sitharaman on Monday assured states that the Centre will not renege on the promise of GST compensations. The delays to pass on the money are due to a slip in collections and the states have nothing to be embarrassed about, she said. The remarks come at a time when states like Maharashtra and Kerala have been demanding the compensation sooner. It is certainly their right, I am not denying. At the same time, I am also making clear to say that I am not reneging on that. States will be given. We are certainly not reneging on it.
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impact on the collections. I am working with the states. Each of them have taken a lot of effort from their end to improve the GST collection. I guess with their efforts and the centre and revenue department officials…the prospects of improving GST collection is likely to go up, she said. When asked about reports of cuts in GST rates, Sitharaman said there is no such call to review. I don't think, I am even talking about raising or rationalising the slabs at all at this stage. But Eventually at some time the GST Council would want to talk about it, but I am not readying myself for this particular meeting on this particular issue, she said. – News –
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