The finance ministers of five states — Delhi, Punjab, Rajasthan, Kerala and West Bengal — have expressed concerns over the worsening financial condition and criticised the Centre for delaying the release of GST compensation cess for the months of August and September.
Nagpur: Mukul Patil, the Joint Commissioner of Central GST here, said that GST Council is continuously striving to make compliances easier for tax payers.
Finance ministers of five states on Wednesday raised an alarm over the delayed compensation payment from the Centre for the August-September period, and claimed that they were facing acute fiscal pressures as a result.
In a bid to attract global manufacturing giants such as Tesla and over 300 others like it, the Centre plans to simplify and incentivize their entry into India.
Technology for MSMEs: Lack of understanding and knowledge about digital tools for communication has resulted in only 34 per cent of Indian MSMEs adopting digital means to interactions with employees, customers, and suppliers.
The Insurance Corporation Employees Union has demanded a rollback of GST on premiums.