Maharashtra demands release of ₹24,000 crore GST compensation
The Hindu
FM calls for suitable sharing with States ‘at this critical juncture to strengthen the fight against the pandemic’
Maharashtra Finance Minister Ajit Pawar on Friday demanded the release of ₹24,000 crore GST compensation pending to the State for the financial year 2020-21 from the Centre, considering the financial position of the State in the COVID-19 pandemic. Mr. Pawar also demanded tax relief with respect to COVID-19 related medical supplies, as well as medical grade oxygen, oxygen concentrators, pulse oximeters and COVID-19 testing kits. “Total compensation payable to the State for the year 2020-21 is around ₹46,000 crore. So far, the State has received around ₹22,000 crore. Hence, for the financial year 2020-21, compensation of around ₹24,000 crore is pending,” said Mr. Pawar, adding that the assumptions for calculating compensation for the financial year 2021-22 may be re-examined and corrected so that the State received adequate compensation and was not left with large arrears as it was in 2020-21.
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