22.1 C
Delhi
Friday, March 29, 2024
spot_img
spot_img

Centre to pay GST compensation cess, IGST dues on Monday: FM

New Delhi, Oct 5, 2020 –

The Centre will disburse GST compensation cess amounting to Rs 20,000 crore to the state government on Monday night, Finance Minister Nirmala Sitharaman said.

The decision was taken during the GST Council meet held on Monday.

Besides, Sitharaman said that IGST dues worth Rs 24,000 crore will also be paid to the state governments by next week.

The Council also decided that firms with up to Rs 5 crore turnover have to file only eight GST returns in a year from January 1.

It also waived 18 per cent GST for start-ups which use ISRO and Antrix Corporation services to launch their satellites.  (Agency)

Yes Punjab Online Since 2012


Click here to Like us on Facebook


TOP STORIES

PUNJAB NEWS

TRANSFERS & POSTINGS

Stay Connected

223,537FansLike
113,236FollowersFollow

ENTERTAINMENT

NRI - OCI

GADGETS & TECH

SIKHS

NATIONAL

WORLD

OPINION