GST dues: Center owes States more than official figures, says Chidambaram
A senior Congress leader wondered why the finance ministry was “embarrassed” by PM Modi’s decision on the day he chose to “admonish” the fuel tax on the States.
A senior Congress leader wondered why the finance ministry was “embarrassed” by PM Modi’s decision on the day he chose to “admonish” the fuel tax on the States.
Senior Congress leader P Chidambaram on Thursday, April 28, 2022, took a dig at the Center over the ₹ 78,704 crore GST Compensation in the States, saying it would be interesting to know why the Finance Ministry is “embarrassed”. Prime Minister Narendra Modi Putting out the information on the day he chose to “admonish” the States.
The Finance Ministry on April 27, 2022, said the Center has already released eight months States to GST Compensation Dues The Fiscal ended March 2022 and ₹ 78,704 crore of the Cess Fund in the pending due inadequate balance.
Petrol and diesel on VAT rate cut to Prime Minister exhorted states, The Finance Ministry stated that the Center owes ₹ 78,704 crore to the States, Mr. Chidambaram said.
“The amount is actually more. If you add up, you can claim that the total amount may be as large as only the Controller of Government Accounts (CGA) can certify the correct amount,” the former finance minister said. on Twitter.
“It’ll be interesting to know why the MoF embarrassed the PM on the day he chose Admonish the States!” he said.
Flagging higher fuel prices in many opposition-ruled states, Prime Minister Modi on Wednesday called it “injustice” to the people living there and urging the governments to reduce VAT in “national interest” to benefit the common man.
Mr. Many States Not Adhering To The Center’s Call for Value Added Tax (VAT) on Petrol and Diesel after his government slashed excise duties The Global Crisis of Cooperative Federalism at this time.
