The war of words over GST compensation continued between the Centre and the State governments, with West Bengal Finance Minister Amit Mitra pointing out that the dues owed to the States and three Union Territories with Legislative Assemblies total about ₹40,000 crore.
According to the GST Act, States and UTs with Assemblies are guaranteed compensation if the GST revenue growth is less than 14 per cent. The amount is paid bi-monthly. This year, States and three UTs were paid ₹28,000 crore for the June-July period. They are yet to be paid for August-September, which was due in October.
Denne historien er fra November 22, 2019-utgaven av The Hindu Business Line.
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Denne historien er fra November 22, 2019-utgaven av The Hindu Business Line.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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