K'taka CM Bommai seeks GST compensation for 3 more yrs
Urges FM to release Rs11,000-cr dues to his State; states for 3 more yrs
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Amid fall in state revenue and GST collection in view of Covid-19 crisis, Karnataka Chief Minister Basavaraj S Bommai on Thursday demanded the Centre to extend the GST compensation period to States beyond 2022, for three more years.
After a meeting with Union Finance Minister Nirmala Sitharaman, Bommai said he also discussed the GST (Goods and Services Tax) dues to the tune of Rs 11,000 crore to be paid to Karnataka in installments.
"The dues that were to be paid from July 2022 are being advanced through installment from this year. Along with this, I discussed extending the GST compensation to states beyond 2022," he told reporters after the meeting. In the meeting, the CM informed Sitharaman that the state GST collection has not yet stabilised in view of Covid-19 crisis, and it would be more helpful in this ongoing revenue crisis if the GST compensation to States is extended for three more years.
