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Extend GST Compensation Period For Another 3 Years: Congress To Centre

Extend GST Compensation Period For Another 3 Years: Congress To Centre

NDTV
Saturday, May 14, 2022 10:52:00 AM UTC

The states' fiscal position is fragile as never before and needs urgent remedial measures, P Chidambaram said.

The Congress on Saturday demanded that the Centre extend the Goods and Services Tax (GST) compensation period for three years, asserting that the states' fiscal position is fragile as never before and this needs urgent remedial measures.

Addressing the media on the second day of the Congress' ongoing 'Chintan Shivir' here, senior leader and former finance minister P Chidambaram said the time is ripe for a comprehensive review of Centre-states fiscal relations.

"The consequences of the poorly-drafted and unfairly-implemented GST laws brought in by the Modi government in 2017 are there for everyone to see," he said.

The states' fiscal position is fragile as never before and needs urgent remedial measures, Mr Chidambaram said.

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