GST Compensation: Government notifies extension of GST Compensation Cess till March 2026

[ad_1] government Goods and Services Tax (GST) has notified the Compensation Cess extension March 2026, Through gazette notification, Finance Ministry Confirmed the extension period till March 2026. The extension will also help states pay compensation for the month of May and June 2022. The extension has been notified as per the agreed repayment schedule in the GST Council meeting of September 2021. The states have the extension facility to repay the borrowings made in the past to pay the promised compensation. GST Compensation Cess It is levied by the Goods…

Free Meal Scheme: Finance Ministry red-signs extension of free meal scheme

[ad_1] Finance MinistryThe Department of Expenditure has argued against expanding free food After september, do ration scheme or something big tax deduction, warning of consequences for the financial position of the government. The government expanded the Pradhan Mantri Garib Kalyan Anna Yojana (Pradhan Mantri Garib Kalyan Anna Yojana) in March.PMGKAY) from six months to September. The government has kept a budget of ₹ 2.07 lakh crore for food. subsidy In FY23, lower than the revised ₹2.86 lakh crore for FY22. With the extension of PMGKAY till September, the subsidy bill…

Extension of Interest Equalization Scheme on Pre and Post Shipment Rupee Export Credit for exporters

[ad_1] RBI circular no. RBI/2021-22/180 DOR.STR.REC.93/04.02.001/2021-22 continue on 8th March 2022 Expands interest equalization scheme for rupee export credit before and after shipment From 1st October, 2021 and 31. will endscheduled tribe March 2024 or till next review, whichever is earlier. The Interest Equalization Scheme for providing Rupee Export Credit before and after shipment to eligible exporters is effective from 1st April 2015. In April last year, this scheme was first extended till June 2021 and later till September 2021. for the period from October 1, 2021 to March 31,…