Portland Indian Community - PortlandIndian.com
| | | | | | | | | | | |
 


 

GST compensation due for all states, not just for some: FM

Delhi,National,Business/Economy

Author : Indo Asian News Service

Read Latest News and Articles

Share With Your Friends



Add an Article

View All Contributions

Add To My Favorite

Add A Picture

New Delhi, Dec 12 (IANS) Not only opposition-ruled states but other states also have not been paid GST compensation for the last four months since August this year.

Speaking in the Rajya Sabha, Finance Minister Nirmala Sitharaman admitted the delay but said that the Centre had released more than what it collected as cess in the current financial year 2019-20 till October-end.

"Till October 31 the Government of India has released Rs 9,783 crore more than the amount raised through cess," the Minister said.

She, however, said that government was committed to honour and give compensation to the states.

Replying to the members on the Appropriation (No. 3) Bill, 2019 for making supplementary expenditure, Sitharaman said that a total of Rs 55,467 crore had been collected as cess while Rs 65,250 crore was released to the states.

Several state finance ministers had earlier expressed concerns over delay in compensation delays for the months of August and September forcing them to resort to ways and means or even overdraft.

As many as nine states have complained of delay in GST compensation dues and appealed Centre to make timely payments as promised at the time of GST launch.

--IANS

nk/rt


Copyright and Disclaimer: All news and images appearing in our news section, search engines and social media are provided by IANS. If you face any issues related to the content/images, please contact our news service provider directly. We are not liable/responsible for any content/images related to the news service provider.


Latest News

View More News


More News Articles

Shahid Kapoor looks 'hard' in his 'aaj ka mood' from 'Deva' sets

Gurinder Chadha returns to big screen with Bollywood twist to Dickens' classic

Shakti Anand shot cart-pushing sequence in one take for 'Kundali Bhagya'

Harsh Chhaya aka Papaji is back to reclaim his power in 'Undekhi' Season 3

Junaid Khan wraps up his second untitled film after 58-day shoot