The Finance Ministers of non-BJP-ruled States raised their demands at a virtual meeting hosted by Rajasthan Minister Shanti Dhariwal ahead of the GST Council's meet scheduled for May 28.
GST compensation: Centre disburses Rs 30,000 crore to states
The total amount of GST compensation released so far this fiscal ending March 31 is Rs 70,000 crore
PTI | April 1, 2021 | Updated 14:26 IST
The Centre has released Rs 30,000 crore to the states as GST compensation on March 27, and about Rs 63,000 crore is pending for the current fiscal, the finance ministry said on Tuesday.
The total amount of GST compensation released so far this fiscal ending March 31 is Rs 70,000 crore. This is over and above the Rs 1.10 lakh crore released to states under the special borrowing mechanism to compensate them for shortfall in the Goods and Services Tax (GST) collection this financial year.
“We recently liberalised geospatial data. If we could have done this 10 years back, it is likely that Google would have been made in India, not outside. The talent is Indian but the product is not,” he said at the sixth meeting of the Governing Council of NITI Aayog.
A Bench headed by the environment watchdog’s Chairperson, Justice A.K. Goel, said it
prima facie agreed that OIL failed to take safety precautions and there was need for ensuring such incidents do not recur.
Till now, 86 percent of the total estimated GST compensation shortfall has been released to the states and Union Territories (UTs) with legislative assembly