Chhattisgarh Chief Minister Bhupesh Baghel on Sunday reiterated his demand to the Centre seeking a five-year extension for the compensation paid to states for revenue shortfall due to GST implementation.
He also called for revising the rates of royalty for coal and other major minerals from the state.
When the GST was rolled out, states were promised compensation for revenue loss till June 2022. The compensation amount was raised from levying a cess on luxury, demerit and sin goods over and above the 28 per cent tax. Non-BJP ruled states, such as Chhattisgarh (Congress ruled), Kerala (LDF government) and Rajasthan (Congress ruled), have in the past also demanded that the compensation regime to be extended by five years, the statement said.
Baghel said Chhattisgarh has received Rs 13,089 crore less from the central taxes in the Union Budget of the last three years, resulting in extreme pressure on the resources of the state.
In the coming budget, the complete share of central taxes should be given to the state, he demanded Baghel also demanded that Rs 4,140 crore deposited with the Centre at the rate of Rs 294 per tonne on coal mining from coal block companies should be transferred to Chhattisgarh soon.
Source: MoneyControl
https://www.hindustantimes.com/india-news/gst-compensation-disaster-fund-states-top-demands-at-niti-meet-101659898951038.html
