ENA State 2022-03-11 12:44:35 <p><strong>Bengaluru, Mar 11 (KNN)</strong> Karnataka Chief Minister Basavaraj Bommai has said the central government is likely to accepts its requests to extend the Goods and Services Tax (GST) compensation by another three years.</p> <p>It is likely that the union government will soon make a decision and we are confident that it will be an extension announcement, he said.</p> <p>Earlier this week Finance Minister Nirmala Sitharaman was in Karnataka and was visited by CM Bommai to discuss the matter and request for the extension.</p> <p>With regards to the GST compensation and loans, Karnataka got Rs 10,754 crore in 2018-19, Rs 14,496.73 crore in 2019-20, Rs 26,196.25 crore in 2020-21 and Rs 25,267.29 crore in 2021-22 (up to February end), he informed the state legislative assembly.</p> <p>He has informed the GST Council about the GST funds of Karnataka and their right on it through an extension of the compensation period.</p> <p>The GST collection in 2018-19 was Rs 52,167.20 crore, in 2019-20 it went up to Rs 57,522.74 crore, in 2020-21 it was Rs 64,527.57 crore and in 2021-22 (up to February end) it was Rs 70,108.68 crore. <em><strong>(KNN Bureau)</strong></em></p> 28604 https://knnindia.co.in/news/newsdetails/state/cm-bommai-clues-3-years-extension-on-gst-compensation-to-states 2022-03-11 12:44:35 knnindia.co.in