Empowering MSMEs with News & Insights

MPs from Punjab, Bengal raise issue of delayed GST compensation payment

Updated: Nov 28, 2019 07:38:35am
image

MPs from Punjab, Bengal raise issue of delayed GST compensation payment

New Delhi, Nov 28 (KNN) After five non-BJP ruled States raised concerns over delay in payment of GST compensation by the Centre in the last week, now the same isssue has been brought to the Parliament.

Members of Parliament from Punjab and West Bengal has raised the issue of Centre not releasing the State’s share of compensation under the Goods and Service Tax (GST) in Rajya Sabha which leading to severe financial crisis like delay in release of salary and pension.
 
Congress MP Pratap Singh Bajwa said States were assured of adequate compensation for five years after the introduction of GST, said on Wednesday in Parliament.
 
“GST compensation, which used to be given every month initially, has now been made once in two months. We were expecting compensation for August and September sometime in October. October went past and November is about to finish. There is no explanation from the Central Government. This is not the way a modern country runs,” he said.
 
Further, the MP informed that the GST compensation due to Punjab is Rs 2,100 crore.
 
While on the other hand, Trinamool Congress’s Manas Ranjan Bhunia said GST collections have fallen short of the Rs 1 lakh crore target and demaned Finance Minister's statement in the House on the same.
 
“Our State, West Bengal, has been suffering for the last two months. It is not getting the share of compensation of the GST meant for the State,'' Bhunia said.

---------------------------------------------------------------------------------------------------------------------

COMMENTS

    Be first to give your comments.

LEAVE A REPLY

Required fields are marked *