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Bumper GST collections could lead to compensation windfall for states

Extending compensation is a topic that has remained a sticking point in India's federal structure, with not only opposition states but also BJP-governed states speaking about it

Topics
Goods and Services Tax | financial crisis | Kerala

Arup Roychoudhury  |  New Delhi 

gst
For FY23, collection from GST compensation is estimated to be at Rs 1.2 trillion for only till June. Last year (FY22) it was Rs 1.05 trillion

Last week, Finance Minister of K N Balagopal wrote to Union Finance Minister regarding the finances of the state. Balagopal blamed the centre for putting it in a grave by slashing its resources by Rs 23,000 crore in the current fiscal year.

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First Published: Wed, August 03 2022. 09:48 IST
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