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GST compensation to Karnataka likely to be less in 2018-19:CM

Press Trust of India  |  Belagavi (KTK) 

The GST compensation to was likely to be "less" during the current year, compared to Rs 7,500 crore in 2017-18, H D Kumaraswamy said in the state assembly Friday.

He was replying to questions raised by opposition members during the discussion on The (Amendment) Bill, 2018 that was passed by the House.

"After receiving GST compensation of Rs 7,500 crore from the centre in 2017-18. This year it may be less....," Kumaraswamy said.

The Chief Minister, however, did not give any figure or cite any reason for the projected decrease in GST compensation from the Centre.

Earlier participating in the discussion, members Vishweshwar Hegde Kageri, Basavaraj Bommai and others sought to know from the government whether the state was receiving adequate compensation from the central government, and was there any loss to the state from the new taxation regime.

Pointing out there were several loopholes in the GST, they advised the government to take up the issues with the centre and fix the leakage.

Noting that state government had limited powers with respect to GST, Kumaraswamy said, "we will find the loopholes and fix them. We will take all necessary steps to check leakage."

The amendment bill had been brought to implement the new return filling system and also to overcome the difficulties of filling return and payment of tax under the GST Act on the lines recommended by the Council.

The assembly also passed the Transparency in Public Procurements (Amendment) Bill, 2018, seeking to amend the parent act of 1999 to set up and maintain a public

Though several members demanded that the bill be referred to a joint select committee for detailed study, it was passed after clarifications by the

The bill debars tenderers for a period not exceeding three years if they engaged in corrupt or fraudulent practices in competing or executing the contract.

The assembly passed the Karnataka Land Revenue (Second Amendment) Bill, 2018 to amend the required sections of the Karnataka Land Revenue, Act, 1964 to facilitate disposal of pending applications for regularisation of certain lands.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, December 14 2018. 19:10 IST
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