: The chief ministers of six non-BJP-ruled states have written to the centre to remind it of its "constitutional" responsibilities in the stand-off over the ₹ 2.35 lakh crore shortfall in GST compensation and financial relief (from the pandemic) due to states. Mamata Banerjee (Bengal), Pinarayi Vijayan (Kerala), Arvind Kejriwal (Delhi), Edappadi K Palaniswami (Tamil Nadu), K Chandrasekhar Rao (Telangana) and Bhupesh Baghel (Chhattisgarh) rejected re-payment options - that states borrow to offset dues - and reminded the centre it had a legal duty to reimburse states' loss of revenue in the first five years of the GST regime. They said if states were to borrow then repayment schedules would place an extra burden on their finances. The centre, they said, could take up this burden and pay back the loan by carrying forward GST cess collection past 2022.
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Union Minister Ashwini Vaishnaw said the GST reforms, set to come into effect on September 22, will set off a "virtuous cycle" of consumption, production, investment and employment.
A reduction in GST rates will result in more than 150 categories of products getting cheaper from September 22, the company's Managing Director Manish Bandlish told NDTV.
JLR has announced a price cut of up to Rs 30.4 lakh on the Range Rover and other models under GST 2.0.
The company said it is passing "100 per cent of the tax benefit to our patrons" as new GST reform comes into effect from September 22.
Royal Enfield has announced the new prices of its 450cc and 650cc lineup under the new GST structure.
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