 "Economic slowdown hits states' GST revenues more than Centre, shows data")
The dwindling goods and services tax (GST) collections, which fell to a 19-month low in September, have triggered a war of words between Kerala Finance Minister Thomas Isaac and the Union finance ministry.
Isaac had, on Tuesday, tweeted that the record low GST collections in September not only reflected an economic slowdown, but also the mess in the GST administration.
“What compliance can you expect when even the first annual returns are yet to be filed? And also, rates have been continuously slashed to less than revenue-neutral levels,” he had tweeted.
Meanwhile, Punjab Finance Minister Manpreet Singh
Isaac had, on Tuesday, tweeted that the record low GST collections in September not only reflected an economic slowdown, but also the mess in the GST administration.
“What compliance can you expect when even the first annual returns are yet to be filed? And also, rates have been continuously slashed to less than revenue-neutral levels,” he had tweeted.
Meanwhile, Punjab Finance Minister Manpreet Singh
