Goods And Services Tax

"We Feel Embarrassed": States To Nirmala Sitharaman Over GST Compensation

It is embarrassing to come and ask for money, Union Finance Minister Nirmala Sitharaman was told by counterparts from six states in Delhi today. Ministers from Kerala, Rajasthan, Punjab, Madhya Pradesh, Chhattisgarh and Delhi met her over delayed transfer of compensation for losses incurred by GST implementation in 2017. Under the Constitution Amendment Bill, states were guaranteed compensation for 5 years to offset tax revenue shortfall. The Congress had raised this issue in the Rajya Sabha last week.

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