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States » NorthPosted at: Aug 31 2020 6:35PM


Punjab Finance Min rejects Centre's two option formula for GST compensation

Chandigarh, Aug 31 (UNI) Out-rightly rejecting the two options offered by Union Government for GST compensation to the states, Punjab Finance Minister Manpreet Singh Badal on Monday shoot a letter to Union Finance Minister Nirmala Sitharaman to reconsider the decision, which was taken at the last Goods and Services Tax Council (GSTC) meeting.
Terming the decision a clear breach of the solemn and constitutional assurance by the Central Government, he said that it would be considered a betrayal of the spirit of cooperative federalism that formed the backbone of GST-journey so far. Punjab would like full clarity on each of these issues and the matter once again placed on the agenda in the next meeting of GSTC.
Mr Manpreet also suggested to constitute GoM to deliberate on the matter and make recommendations in a time-bound period of 10 days. Punjab is prepared to cooperate in a spirit of finding a solution to this vexed problem but is unable to persuade itself to either of the options presented at this stage.
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