Home »  Topic »  Sisodia seeks ₹3,600 crore GST compensation from Centre

Sisodia seeks ₹3,600 crore GST compensation from Centre

Deputy Chief Minister Manish Sisodia on Wednesday met Union Finance Minister Nirmala Sitharaman to request release of ₹3,642 crore GST compensation for losses incurred due to GST implementation in 2017.

Ministers from Kerala, Rajasthan, Punjab, Madhya Pradesh and Puducherry were also part of the meeting, where concerns regarding GST compensation were discussed, the Delhi government said.

Revenue under stress

“Under the Constitution Amendment Bill, States were guaranteed compensation for five years to offset tax revenue shortfall. A letter by the Deputy CM was also presented in the meeting highlighting that GST revenues were under stress due to a general ...

Read the full text thehindu