Lawstreet Journal

Ashok Gehlot Seeks Centre’s Intervention Over GST Compensation To States

Lawstreet Journal 9 Sep 2020 11:19pm

Image courtesy: Lawstreet Journal Executive Ashok Gehlot Seeks Centre’s Intervention Over GST Compensation To States

Ashok Gehlot, Chief Minister of Rajasthan recently on 7th September, Monday had urged the Centre on to fulfill the commitments that were made to the state government while applying the GST provisions and leave it to the state governments the right to some taxes levied by the Centre. 

The Rajasthan CM has asked Prime Minister, Narendra Modi to intervene in this matter and transfer the right to taxes to the states, “to maintain assurance in the financial relations between Centre and State.” Gehlot has written a letter to the Prime Minister here he drew the attention on the key issues faced by the states while making the payment of GST compensation, as mentioned by an official. As per the letter, it was mentioned that under the Constitution amendment many state taxes were included in GST and it was informed that the states would be getting compensation insight of this revenue loss. 

He further said that as per the GST (Compensation to State) Act 2017, it assures that states should be provided with compensation for the upcoming 5 years to meet the revenue loss that has been incurred due to the execution of the Goods and Service Tax. Thus, it is the responsibility of the Centre to ensure that the states are receiving full compensation for the same under the mentioned act. 

The Rajasthan CM has claimed that even though the tax collection must have been reduced due to the unavoidable circumstances, but this cannot be a reason to reduce the compensation under this… Continue Reading...


Tagged: Congress   GST  
Disclaimer: SoOLEGAL in Media collaboration with Lawstreet Journal. SoOLEGAL take no responsbility for the content provided by Lawstreet Journal. For any discrepancies Contact Lawstreet Journal.
Did you find this write up useful? YES 0 NO 0
Featured Members view all

New Members view all

×

C2RMTo Know More

Something Awesome Is In The Work

0

DAYS

0

HOURS

0

MINUTES

0

SECONDS

Sign-up and we will notify you of our launch.
We’ll also give some discount for your effort :)

* We won’t use your email for spam, just to notify you of our launch.