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The State Government was entitled for Goods and Services Tax compensation of ₹ 26 ,933.48 crore during the year 2020 -21 for loss of revenue on implementation of Goods and Services Tax Act, 2017 . (Paragraphs 2.3.2.1 and 2.3.2.2 ) Share of Union Taxes and Duties and Grants- in-A id The............
revenue of ₹ 55,560.51 crore, the State Government earned a revenue 6 of ₹ 28,627.03 crore during 2020-21 and therefore, was entitled to a compensation of ₹ 26,933.48 crore. However, the State Government received grants- in-aid of ₹ 11,334.51 crore from GoI towards compensation till............
Hence the back to back loans in lieu of shortfall of GST compensation of ₹ 9,222 crore has not been considered as public debt here. Appendices Page | 150 State Finances Audit Report for the year ended 31 March 2021 – Government of Gujarat Appendix 3.1: Glossary of important Budget related............
However, during the year Grants -in-aid and State share of union taxes decreased by ₹1,084 crore and ₹2,911 crore respectively. GST Compensation is the revenue of the State Government under GST (Compensation to States) Act, 2017. However, in addition to receiving the GST compensation of............
of the State 1.9 11 KFRA targets on key fiscal parameters and achievements thereon 1.9.1 12 Actuals vis - à - vis projections of Medium Term Fiscal Plan for 20 20 - 2 1 1.9.2 1 3 Impact of certain transactions on fiscal indicators during 20 20 - 2 1 1.10 1 4 Chapter 2 – Finances of the State............
As such , the State was not eligible for compensation and accordingly, it had not received t he GST compensation. With automation of the collection of GST having tak en place, it is essential for Audit to move from sample checks to a comprehensive check of all transactions, to fulfil the............
2012) of Revenue and Disaster Management Department which stipulated for depositing advances in civil deposits , advance drawn on account of compensation for LA and R&R assistance of `334.64 crore were kept in various bank accounts (2011 to 2019) instead of depositing under the Head of............
GST Compensation is the revenue of the State Government under GST (Compensation to States) Act, 2017. However, in addition to receiving the GST compensation of ₹ 5,293.87 crore as revenue receipts, due to inadequate balance in GST compensation fund during the year 2020 -21, West Bengal also............
In the component ‘Other transfers/grants to States with Legislature’, major increases were noticed under (i) compensation for the loss of revenue on account 11 Include Taxes on Wealth, Other Taxes on Income and Expendit ure, Other Taxes and Duties on commodities and Services 12 Pradhan............
In the component ‘Other transfers/grants to States with Legislature’, major increases were noticed under (i) compensation for the loss of revenue on account of implementation of GST (` 2,382 crore), (ii) NDRF20 (` 958 crore) owing to cyclonic storm ‘Bulbul’ set-off by decrease under............
Overview of the Report No. 4 of 2020- State Finances Audit Report of the Government of West Bengal for the year 2018-19 State Finances Audit Report for the year ended March 2019 has been prepared for submission to the Governor of West Bengal...
2.3 12-14 Town and Country Planning Department (Haryana Shehri Vikas Pradhikaran) Loss due to non-recovery of lease money 2.4 15-17 Non-recovery of compensation from contractor 2.5 17-19 Labour Department Recoverable amount from employers against declined cheques 2.6 19-20 Urban Local Bodies............
The State Government, at the request of the HSVP, a cquires land and on payment of the compensation awarded for the land by the HSVP, the land is owned by HSVP. HUDA Act empowers State Government to suspend the powers of municipalities relating to the control on development and use of............
on account of stamp duty rema ins unpredictable on the part of ULBs and they could not depend upon this re venue for the purpose of any expenditure planning, affecting their smooth fun ctioning. Further, due to not increasing the rate of stamp duty from two to t hree per cent as per............