City
Epaper

Goa is due Rs 250cr from Centre in GST dues: Minister

By IANS | Updated: April 5, 2022 17:10 IST

Panaji, April 5 Goa is due around Rs 250 crore from the Centre in form of its Goods ...

Open in App

Panaji, April 5 Goa is due around Rs 250 crore from the Centre in form of its Goods and Service Tax (GST) share, the state's representative on the GST Council and Transport Minister Mauvin Godinho said on Tuesday.

Godinho, who was re-appointed to the Council on Tuesday, also said that repeated requests from small states like Goa had resulted in the GST council giving first preference when it came to devolution of tax revenue shares as compared to bigger states, whose share runs into thousands of crore.

"Rs 250 crore is pending but we will get it in due time," Godinho told reporters on Tuesday.

Godinho also said that during the pandemic, the Central government had been unable to pay compensation to states during the pandemic, because collection itself was low on account of lack of transactions on luxury and sin goods.

"During the pandemic, collection was extremely low. As a result uptil five years, June 22, the Centre pays compensation cess (to states). The cess is collected from sin goods and luxury goods. That cess is paid back to the state as a compensation for what you have lost after implementing GST. After five years, you are expected to stand on your own feet. There was a shortfall in that payment," Godinho said.

"There was a gap wherein the Centre was not able to pay because the collection never took place. When the pandemic was there everybody was locked inside their homes. What consumption can take place, whether luxury goods or otherwise. Obviously there was no money with the government," Godinho said, adding that the Centre had then taken loans for itself as well as states in order to pay the compensation.

Godinho also said that there was growing realisation in the Council to provide preferential treatment to smaller states like Goa, as compared to bigger states.

"In the case of bigger states, it (dues) are thousands and thousands of crores. My point is do not make the small states suffer. They have limited options of taxation. They have limited opportunity to have money accruing to their state kitty. So please help them. And slowly this is sinking into them that they have to give special treatment (to small states)," he said.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Gst councilgoaMauvin GodinhoIma goa stateMizoram union territoryArunachal state
Open in App

Related Stories

NationalGoa Shocker: Doctor Molests Spanish Woman Admitted in ICU, Arrested

MaharashtraMumbai-Goa Highway Fire: Midnight Blaze Destroys Bus, Passengers Evacuated Safely

MaharashtraMumbai–Goa Vande Bharat Express Train to Run With 16 Coaches During Ganeshotsav 2025 Amid High Demand; Check Dates

MaharashtraMumbai-Goa Highway Traffic Advisory: Restrictions on Heavy Vehicle Movement Issued for Ganeshotsav 2025

MaharashtraMumbai-Goa RoRo Service Launched, Navi Mumbai Man Becomes First and Only Traveller

International Realted Stories

InternationalBangladesh rights group expresses dismay over Yunus's denial of minority persecution

InternationalH-1B visa crackdown to push US firms to shift operations in India: Report

InternationalAwami League holds protest in Geneva against Yunus govt in Bangladesh

InternationalTrump praises Pak leadership for 2nd time in two days, again claims to stop India-Pak war

InternationalBritish envoy to India expresses "disappointment and sadness" over vandalism of Mahatma Gandhi's statue in London