Centre owes Rs 3 trillion to states and industry amid Covid-19 outbreak

Assocham President Niranjan Hiranandani said his talks with government officials showed dues to industry and states were pending in the form of refunds of I-T, VAT, and GST, and compensation

At a time when industry urgently needs a stimulus, the Union government and its agencies owe companies and state governments approximately Rs 3 trillion.
 

Assocham President Niranjan Hiranandani said his talks with government officials showed dues to industry and states were pending in the form of refunds of income tax, value-added tax, and goods and services tax (GST), and compensation, payments to distribution companies (discoms) in the power sector, fertiliser subsidies, etc.
 

He estimated the figure at Rs 3 trillion.
 

Hiranandani said the chamber had asked for a stimulus package of Rs 13 trillion, including dues. The other parts of