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Home Politics BJP

Assembly Budget Session: Gujarat yet to get Rs 9,136 cr as GST compensation from Centre

by Nav Jeevan
2 years ago
in BJP, Breaking News, Budget, Business, Central Gujarat, Congress, Gandhinagar, Gujarat, National, Politics, taxation
Reading Time: 2 mins read
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Assembly Budget Session: Gujarat yet to get Rs 9,136 cr as GST compensation from Centre
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  • This cess is collected from various products, such as tobacco, coal and soft drinks, for the purpose of paying compensation to states, said Desai
  • All the sources of income in the country should be equally distributed for the development of the country: Finance Minister
  • Gujarat was losing an average Rs 15,000 crore every year after the GST Act came into force and sought information of pending GST compensation: senior Congress leader Arjun Modhwadia

NE NEWS SERVICE

GANDHINAGAR, FEB 27

Gujarat is yet to get Rs 9,136.26 crore as Goods and Services Tax compensation from the Union government, the state Assembly was informed on Monday.

અમદાવાદના હાટકેશ્વર બ્રિજના કામમાં ભ્રષ્ટાચારનો મુદ્દો આજે વિધાનસભામાં ઉઠાવી દોષિતો સામે કડક કાર્યવાહીની માંગ કરી. https://t.co/WctAXb3oRk pic.twitter.com/1LaMHOhDhv

— Arjun Modhwadia (@arjunmodhwadia) February 27, 2023

During discussion on the issue in the House, senior Congress leader Arjun Modhwadia said Gujarat was losing an average Rs 15,000 crore every year after the GST Act came into force and sought information of pending GST compensation.

કેન્દ્ર સરકાર ગુજરાતને GST પેટે ચુકવવાના થતા ₹9,000 કરોડ નથી આપી રહી!

ડબલ એન્જીન સરકારમાં ગુજરાતને GSTમાં ડબલ નુકસાન થઈ રહ્યું છે!

"કેન્દ્રનો ગુજરાતને હળહળતો અન્યાય!"@BJP4Gujarat સરકાર આ TV જાહેરાતો ક્યારે ચાલુ કરાવે છે? pic.twitter.com/tBhhw9YnpL

— Arjun Modhwadia (@arjunmodhwadia) February 27, 2023

Responding to the question, state Finance Minister Kanubhai Desai informed the House Rs 9,136.26 crore was pending by way of GST compensation.

“For the year 2021-22 and 2022-23, Gujarat has claimed Rs 30,400 crore as GST compensation. The Centre has so far paid Rs 21,264 crore while payment of Rs 9,136 crore is still pending. Of those Rs 21,264 crore, the Centre has paid Rs 4,200 crore in cash and Rs 17,045 crore as loan. The Centre will pay the interest on that loan through cess fund,” Desai told the Assembly.

This cess is collected from various products, such as tobacco, coal and soft drinks, for the purpose of paying compensation to states, said Desai.

He said the Centre paid Rs 17,045 crore as loan to Gujarat because the Centre’s cess collection was lower during 2020-21 and 2021-22 due to the COVID-19 pandemic.

“Due to a slump in business activity because of the pandemic, the income from cess was not enough. Thus, the Centre took a loan from RBI and gave us a loan. The Centre will pay interest on it through the Cess fund,” he said.

When asked by the opposition about when Gujarat expects to receive the remaining Rs 9,136 crore, Desai said the GST Council, in its recent meeting, has approved payment of Rs 864 crore.

Criticising the BJP government on the issue, Modhwadia said, “Due to this GST Act, Gujarat is losing Rs 15,000 crore every year. Gujarat is at the receiving end because we are a manufacturing state. This is the reason why even Prime Minister Narendra Modi had vehemently opposed GST when he was Gujarat chief minister.”
Desai countered the Congress leader saying all the sources of income in the country should be equally distributed for the development of the country.

He defended the GST Act saying the Centre has paid compensation to Gujarat in the past and there is no due left for 2017-18, 2018-19 and 2019-20.

 

Tags: asassemblybudgetCentrecompensationfromgetgstGujaratRs 9136 crsessiontoyet
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