GST mop-up shrinks, hits interests of states: CM

Categories: GST Recent News, News
No Comments

Chief Minister Ashok Gehlot on Wednesday alleged that there has been a “decline” in GST revenue collection which has hit the economic interests of the states. Expressing concern over the overall economic situation of the country, he said, “There is no new employment and existing jobs are going away. Due to the slowdown, automobile companies had to reduce production.”

Addressing a gathering here, he said the declining collection is affecting the economic interests of the states. “This year, the state is likely to get about Rs 7,300 crore less than its share from central taxes and grants from centrally sponsored schemes. Such situations should be a matter of concern for all of us,” he further said.

Read More at: https://timesofindia.indiatimes.com/articleshow/71946332.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst