: NITI Aayog meet: Extend GST compensation to states by five years, Chhattisgarh CM urges Centre #IndiaNEWS Chhattisgarh Chief Minister Bhupesh Baghel on Sunday urged the Centre to extend the compensation

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NITI Aayog meet: Extend GST compensation to states by five years, Chhattisgarh CM urges Centre #IndiaNEWS
Chhattisgarh Chief Minister Bhupesh Baghel on Sunday urged the Centre to extend the compensation grant by five years to states that lost revenue due to the implementation of Goods and Services Tax, PTI reported.He made the demand while addressing the meeting of the governing council of NITI Aayog chaired by Prime Minister Narendra Modi.The meeting was attended by chief ministers of all the states except for Telangana’s K Chandrashekar Rao and his Bihar counterpart Nitish Kumar.PM @narendramodi , Union Ministers, Chief Ministers and other respected dignitaries are attending the 7th Governing Council meeting of @NITIAayog . pic.twitter.com/zFODzpnp4d— PMO India (@PMOIndia) August 7, 2022 “There has been a loss of revenue to states due to the GST tax system and the Centre has not made arrangements to compensate the loss of revenue of about Rs 5,000 crore to the state in the coming year,â€? Baghel said, according to PTI. “The compensation grant should be continued for the next five years after June 2022.â€?In July 2017, the Centre said that the states will be compensated for any loss of revenue from the new tax for up to five years. That window expired on June 30.Sixteen states have demanded that the compensation should be extended on account of the Covid-19 pandemic.During Sunday’s meeting, Baghel claimed that...Read more

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