Attorney General's view taken on GST compensation issue: Anurag Thakur

Replying to a question in the Rajya Sabha, Anurag Thakur said that the AG had left the final decision up to the Centre, as per the authority given under Article 293(3) of the Constitution.

Moneycontrol News

GST

Attorney General (AG) KK Venugopal was of the view that the Goods and Services Tax (GST) Council could ask the Centre to let states borrow to compensate for the shortfall.

Minister of State (Mos) for Finance Anurag Thakur said on September 15 the AG's opinion had been taken on pending payment of GST compensation to states due to shortage of compensation cess collection.

Replying to a question in the Rajya Sabha, he added that the AG had left the final decision up to the Centre, as per authority given under Article 293(3) of the Constitution.

"The GST Council can, in the exercise of its duties under article 279A(4)(h) of the Constitution, recommend to the Central Government to permit the States to borrow money, as a measure for meeting the compensation gap," Thakur said in the reply.

The AG also said the GST Council could extend levy and collection of cess beyond the transition period of five years.

The Centre, on August 27, gave two options to states - to borrow either the GST shortfall of Rs 97,000 crore from a special window facilitated by the RBI or the entire shortfall of Rs 2.35 lakh crore through the market.

First Published on Sep 16, 2020 02:05 pm

tags #Economy #GST #India

Attorney General#39;s view taken on GST compensation issue: Anurag Thakur

Motorcycle Live 2020 To Be Held In Digital Format - carandbike

Motorcycle Live 2020 To Be Held In Digital Format

The UK's biggest motorcycle show will be an online event and will be held from November 21-29, 2020.

By Preetam Bora

| Updated: 2 hours ago

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The 2020 Motorcycle Live show will be held virtually

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The 2020 Motorcycle Live show will be held virtually

Highlights

The EICMA 2020 show in Milan, Italy has been cancelled for this year
The Intermot 2020 show in Cologne, Germany, has also been cancelled
Motorcycle Live is UK's biggest motorcycle show

Motorcycle Live 2020, the UK's biggest motorcycle show, will be held virtually this year. Organisers of the event have confirmed that many of the key brands from the motorcycle industry will be in 'attendance' and will be unveiling some interesting products and concepts between November 21 and November 29, 2020. Although the actual physical event was cancelled for this year, to be held instead in 2021, now there will also be multiple competitions, all virtual, and it will still be a show, but to be held online.

Also Read: EICMA 2020 Cancelled Due To Coronavirus Pandemic

The Motorcycle Live Show is held every year in November at the National Exhibition Centre in Birmingham, UK

"When we made the difficult decision to postpone Motorcycle Live this year, our thoughts instantly turned to how we could still offer our visitors a show experience. We're looking forward to delivering, motorcycle and scooter launches, exclusive competitions, bargains and the latest news to our fans over the course of the 'show'. By presenting Motorcycle Live Online over the course of the 'normal' nine-day show period, we hope to give our fans, followers and regular visitors plenty of entertainment, and give something back for all the support we have been shown throughout the years," said Finlay McAllan, Managing Director, Motorcycle Live.

Also Read: 2020 Intermot Motorcycle Show Cancelled

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The world's best-known motorcycle shows in Europe have all been cancelled this year. The EICMA 2020 show, one of the biggest motorcycle events of the year, has already been cancelled due to the coronavirus pandemic. This year's EICMA show in Milan, Italy, would have been the 78th edition of the EICMA show. The Intermot motorcycle show in Cologne, Germany had also been cancelled, but the organisers have not ruled out a digital format of the show, to be announced later in the year.

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