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Punjab

CM seeks immediate release of ₹4k crore GST component

November 25, 2019 06:14 AM

COURTESY TIMESOF INDIA NOV 25
Tweets Week After FM Sought Urgent Review Of Fiscal Condition
TIMES NEWS NETWORK

Chandigarh:

The Punjab chief minister, Captain Amarinder Singh on Sunday sought Prime Minister Narendra Modi and Union finance minister Nirmala Sitharaman’s personal intervention for immediate release of Rs 4,100-crore goods and services tax (GST) component to the state.


“Shocking that the Centre is delaying the GST compensation amounting to Rs 4,100 crore as compensation & arrears to Punjab. Urge PM @narendramodi ji & FM @nsitharaman ji to intervene & solve the problem which has the potential to bring governance of the state to a grinding halt,” Amarinder tweeted on Sunday. The chief minister is in the UK on a personal trip.

Noting that the Punjab government is facing a ‘difficult financial position’, finance minister Manpreet Singh Badal had on November 18 written a note calling for an urgent review meeting by the chief minister on his return from abroad on November 28. “CMO may quickly organise an urgent review with Hon’ble CM (on his return) with all concerned to take stock of the situation and decide on steps needed to tide over the problems of deteriorating revenues, as the present delay in GST compensation may not be one-off matter,” Manpreet wrote in the note.

The Punjab finance minister had highlighted that the Union government had failed to release the GST compensation to Punjab even for August and September and now the month of November was about to come to an end. The Punjab government had been under constant attack from the opposition parties for poor management of finances. Shiromani Akali Dal (SAD) spokesperson and former minister Daljeet Singh Cheema on Sunday said the Congress party had failed to generate revenue resources and in case finance minister Manpreet Badal was unable to handle the situation, it would be better for him to resign.

The Punjab government is witnessing low collection of its non-tax and tax revenue. It has only been able to collect 13.98% (Rs 1,325 crore) of the estimated yearly non-tax revenue (Rs 9,477 crore) till September

 
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