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HomeNewsEconomyPolicyChhattisgarh CM Baghel seeks extension of GST compensation for 5 years at NITI Aayog meet

Chhattisgarh CM Baghel seeks extension of GST compensation for 5 years at NITI Aayog meet

He also called for revising the rates of royalty for coal and other major minerals from the state.

August 07, 2022 / 15:27 IST
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File image: Twitter/@Bhupesh_Baghel

Chhattisgarh Chief Minister Bhupesh Baghel on Sunday reiterated his demand to the Centre seeking a five-year extension for the compensation paid to states for revenue shortfall due to GST implementation.

He also  called for revising the rates of royalty for coal and other major minerals from the state.

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Addressing the meeting of the seventh Governing Council of NITI Aayog chaired by Prime Minister Narendra Modi, Baghel said the state's demand of GST compensation, transferring of the amounts collected as 'additional levy' from coal block companies and reimbursement of expenditure of Rs 11,828 crores made by the state government for eradication of Naxalism.

"There has been a loss of revenue to states due to the GST tax system and the Centre has not made arrangements to compensate the loss of revenue of about Rs 5,000 crore to the state in the coming year, so the GST compensation grant should be continued for the next five years after June 2022", the chief minister was quoted as saying in a statement issued by his government.