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GST – Kerala FM says state staring at financial crisis due to reduced GST funds

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Admin

28-Jul-2022 06:12:26

News Date: 26 July 2022

Kerala Finance Minister K N Balagopal has written to Union Finance Minister Nirmala Sitharaman claiming that the state is undergoing a financial crisis as it had not received GST compensation to the tune of Rs 12,000 crore.

“The financial health of the state has been seriously affected by a reduction in the revenue deficit grant to the tune of around Rs 7,000 crore this year and loss due to stoppage of GST compensation of around Rs 12,000 crore.

Source:https://www.aninews.in/news/national/general-news/kerala-fm-says-state-staring-at-financial-crisis-due-to-reduced-gst-funds20220726132501/