The Aam Aadmi Party government is struggling to settle the pending GST compensation claims of Rs 5,000 crore, due from 2017-18 to 2021-22, with the Centre. Considering the “precarious fiscal health” of the state, it is imperative for the state government to get their GST dues at the earliest.
Advertisements
While the state government says that an estimated Rs 5,000 crore is due to Punjab for the five years, the Centre claims that it owes the state only Rs 3,000 crore. The claims are being settled now after the government, having participated in GST Council meetings, realised that the formula used for compensating the state was “incorrect and narrowed the GST compensation gap”.
Read more at : The Tribune
Share this content: