GST compensation of ₹17,176 cr pending to states as on June 2022: Govt in RS

The government on Tuesday informed the Rajya Sabha that GST compensates for $17,176 crore pending for states as of June 2022.

State Finance Minister Pankaj Chaudhary said the Center will compensate the states GST for five years during Question Hour.

He said even in times of Covid when not GST were collected, the Government of India compensated the states after borrowing the $1.1 lakh crore and 1.59 lakh crore for the period 2020-21 and 2021-22.

“A total of only $17,176 points GST . compensation pending June 2022,” the minister told the house.

“As of now, since we have partially paid all the fees up to June and about $17,000 crore pending will be launched,” said the Finance Minister Nirmala Sitharaman.

“The details of the pending GST compensation for June 2022 for Tamil Nadu are $only 1200,6148 cores. A certificate of use from a state has not been obtained, that cannot be considered pending,” she told the House of Representatives.

In response to another question, she said that by 2022-23, education has received more than a trillion dollars and the sector has been given higher priority.

She also told the House of Commons that she and her junior minister were ready to answer any questions from members, but said that “during questioning, there was panchayat”.

“Remember, the Finance Committee actually asked for the funds to be transferred directly to the local authorities. We brought that up. The prime minister, with his experience as a minister, did. ready to agree with the report of the 14th Finance Committee. Where the money goes directly to the local agencies. They are currently sitting on money that can be used for development spending,” she said. tell members.

She said that in addition to any program self-made by state or local governments through toll collection, sometimes the central government is providing more than it is collected through continued use. for education, health, agricultural infrastructure, roads.

“All waste is being collected for a specific purpose. That specific purpose is clearly being served through the states. The Center is collecting waste, no doubt. But the Center is. cannot keep them and that money must be spent Sitharaman told the House of Commons.

“In accordance with Article 270 of the Constitution, all taxes and duties mentioned in the List of Unions, with the exception of taxes and duties, surcharges to taxes and duties and any taxes imposed Used for specific purposes under any law enacted by Parliament shall be applied and collected by the Government of India and shall be distributed between Union and State. for the Coalition Government to suspend collection and use,” the finance minister said in a written response.

She also said that the Center collected 28.1% of the transit tax and surcharges of the total tax revenue of $25.16 lakh crore in 2021-22.

This is 25.1 percent of $20.27 lakh crore total tax revenue for the year 2020-21 and 18.2 percent of $20.10 lakh crore total tax revenue for the year 2019-20, she told the House of Commons in her written response.

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