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"It is left to the selection of your states to borrow a lot less and acquire the compensation afterwards or borrow more and people borrowings will probably be paid out by compensation cess immediately after changeover interval."

it's remaining to the selection from the states to borrow significantly less and obtain the compensation later on or borrow more and those borrowings are going to be paid out by compensation cess once the changeover period.

India's central government might repay Rs two.69 lakh crore in loans taken to compensate states for GST earnings losses by November 2025, 4 months ahead of program. The repayment system will be mentioned at the next GST Council Assembly in August.

The central government is expected to repay ₹2.69 lakh crore in loans taken to compensate states for GST revenue decline previously when compared to the Formerly scheduled timeline of March 2026, using a doable repayment by November 2025. The repayment of marketplace borrowings will probably be talked over while in the impending GST Council meeting in August, with the future of the current GST compensation cess also on the agenda.

In centrally sponsored strategies, about forty% of the cost needs to be borne from the condition governments. Even in central sector strategies, the contribution on the Union government is commonly meagre, as well as condition governments are compelled to add drastically larger sized amounts to operate the schemes meaningfully.

the entire repayment of the industry borrowings is anticipated before compared to the Earlier calculated timeline of March 2026.

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within the 53rd GST Council Assembly on Saturday, it absolutely was learnt that Karnataka had elevated The problem of continuation of compensation cess levy, repayment of your financial loan amount and its way ahead.

In line with an authoritative source, the repayment may be concluded by November 2025, surpassing the sooner focus on of March 2026 by 4 months. This important money update is slated for deliberation at the forthcoming GST Council Assembly in August.

The problem is anticipated to be taken up for dialogue in the following meeting in the GST Council in August, the Formal included.

The survey was requested to determine the structure's mother nature and age, and it uncovered a sizable structure with ruined sculptures and inscriptions being reused.

The compensation cess, at first imposed for 5 years submit-GST implementation, expired in June 2022 but continues to be used for bank loan repayment. Karnataka lifted concerns about the continuation of the cess, which will become a point of interest during the Council's August Conference.