Continue GST compensation at least till June 2024: TN urges GST Council, Centre
The Hindu
In his customary address to the TN Legislative Assembly on Wednesday, Governor R. N. Ravi, reading from a prepared speech, highlighted the issues of GST compensation, the relief needed for damage caused by the rains and the release of fishermen
The Tamil Nadu government on Wednesday urged the GST Council and the Union Finance Ministry to continue the GST compensation at least till June 30, 2024 contending that the State’s revenues were yet to recover from the pandemic. It also urged the release of funds totalling about ₹6,230 crore from the National Disaster Response Fund immediately to ameliorate the effects of damage caused by the recent heavy rains and flooding.
During his customary address to the State Legislative Assembly session in Kalaivanar Arangam that commenced with the singing of the Tamil Thai Vaazhthu, TN Governor R.N. Ravi said since the introduction of GST, the State was not able to realise the high growth of tax collections that it had witnessed during the VAT regime.
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