Site icon TIMES NOW INDIA – LATEST NEWS UPDATES PORTAL

GST subsidy of Rs 14,000 crore to the Center state; Still 12 thousand …

GST subsidy of Rs 14,000 crore to the Center state; Still in arrears of Rs 12,000 crore; The Center claims to have paid the full amount

Chief Minister Uddhav Thackeray had recently claimed that the state was Rs 26.5 billion in arrears.

mumbai The central government on Tuesday distributed Rs 86,912 crore in tax subsidies for goods and services to states. Of this, Maharashtra has received the highest amount of Rs 14,145 crore. Chief Minister Uddhav Thackeray had recently claimed that the state was Rs 26.5 billion in arrears. According to this, the state’s arrears of Rs 12,000 crore are still with the Centre. The Center has claimed that all compensation has been distributed among the states.

Out of the amount disbursed by the central government for goods and services tax, Rs 14,145 crore has been allocated to Maharashtra. The state has received the largest amount of compensation paid to states. The central government has stated in a press release that it has distributed compensation to all states until May. However, during a televised meeting with Prime Minister Narendra Modi last month, Chief Minister Uddhav Thackeray made it clear that the state would receive Rs 26.5 billion from the Centre. There are signs of more conflict between the Center and the state over goods and services tax arrears. This is because the Center has claimed that the states have paid all the compensation. Now only the June amount is paid, the Center said. However, the Chief Minister had said that Rs 26.5 billion was owed in back taxes on goods and services. According to state finance officials, the arrears amount to Rs 26.5 billion. The Center had announced a five-year compensation for the goods and services tax. This period ends in June. States have demanded that the compensation scheme be expanded. Especially non-BJP governed states have made this demand. Although the Center has not yet clarified anything, it is unlikely that the Center will provide grants to states. The Goods and Services Tax Clearing Fund had a balance of Rs 25,000 crore. The Center has distributed more than Rs 60,000 crore of its own funds, according to a press release issued by the Department of Finance.

Compensation to some important states

Uttar Pradesh 8,874 crore, Gujarat 3,364 crore, Tamil Nadu 9,602 crore, Karnataka 8,633 crore, West Bengal 6,591 crore, Delhi 8,012 crore, Kerala 5,693 crore

Website title: Center releases rs 14000 crore to maharashtra as gst zws compensation

Next story
Ahilya Devi’s birthday is a ceremony to honor women!


Exit mobile version