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May 23, 2024
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GST compensation: West Bengal govt claims Centre, owes about Rs 2,400 crore

KOLKATTA: Disagreeing with the claim of Union Finance Minister Nirmala Sitharaman, the West Bengal government has said that it owes about Rs 2,400 crore to the Center towards GST compensation.

Earlier, Nirmala Sitharaman had said in Parliament on Friday in response to West Bengal government’s claim that states get GST compensation only when they submit audited figures to the central government. Nirmala Sitharaman had said a similar thing in December as well.

According to the report, ” The Union FM made a statement that West Bengal has not sent GST compensation cess claim with accountant general (AG) certificate since 2017-18 to 2021-22. The state government does not agree with the statement.

“For West Bengal, so far, compensation has been paid on net basis for only two years 2017-18 & 2018-19. For the rest of the periods… compensation has been released based on gross revenue. If net revenue is considered, then GOI owes West Bengal Rs 2,409.96 crore for the rest,” it said in a statement late on Friday.

According to PTI, he has also told that West Bengal has not submitted these figures to the Center since 2017.

The state government said, “The Union Finance Minister has given a statement that West Bengal has not sent GST compensation claims for the financial year 2017-18 to 2021-22 to the Center along with the certificate of the Accountant General. The state government agrees with his statement.” Not there.”

According to him, “So far only ‘net’ compensation has been paid during the two financial years 2017-18 and 2018-19. Rest of the time compensation has been paid on ‘gross’ basis.

West Bengal, Latest News, National, Top

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