Date: 28 December 2022

Key Pointers –

• Jharkhand Chief Minister Hemant Soren on Wednesday sought a five-year extension for the Goods and Services Tax (GST) compensation to the state beyond June 2022, claiming that the state was facing a revenue shortfall to the tune of Rs 5,000 crore per annum.
• When a nationwide GST subsumed 17 central and state levies from July 1, 2017, it was decided that states will be compensated for any loss of revenue from the new tax for five years. That timeframe ended on June 30 this year. 
• Attacking the central government for allegedly not paying the state’s outstanding which he claimed to be Rs 1.36 lakh crore, the CM said that barely Rs 1,300 crore has been cleared.
• As per the state government, Central Coalfields Ltd, Bharat Coking Coal Ltd and ECL owe over Rs one lakh crore as land compensation while Rs 32,000 crore is pending as common cause dues besides about Rs 3,000 crore as royalty on washed coal. 
• He alleged that a number of projects in the state were stalled due to delay in getting forest and other clearances from the Centre.
• Trucks and tractors are blamed for illegal transportation of stones, sand and coal. But, it is rampant through trains. And, the state government has no interference in this. On December 14, Soren had written to Railway Minister Ashwini Vaishnaw seeking his attention towards the issue. Soren said 2023 will be a year of implementation of the projects and schemes in the state.

https://theprint.in/india/jharkhand-cm-demands-extension-of-gst-compensation-period-for-5-more-years/1286657/