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LATEST NEWS UPDATES | GST revenues not enough for States' compensation: Centre

GST revenues not enough for States' compensation: Centre

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published Published on Dec 4, 2019   modified Modified on Dec 4, 2019
-The Hindu

Letter to States flags falling collections

The Centre has written to all the States voicing concern that due to the lower Goods and Services Tax (GST) collections, the compensation cess might not be enough to pay for losses arising out of the tax system.

The communication comes at a time when several States, including Rajasthan, Kerala, Delhi, Punjab and West Bengal, have publicly urged the Centre to transfer pending compensation payments as they have not received the dues for several months.

The government of Punjab has even said it may take the matter to the Supreme Court if the Centre does not release the dues.

Please click here to read more.

The Hindu, 4 December, 2019, https://www.thehindu.com/business/Economy/gst-revenues-not-enough-for-states-compensation-centre/article30152551.ece?homepage=true


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