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HomeGST NEWSCentre owes Karnataka Rs.3.2 thousand crores in GST compensation, Rs.1.5 thousand crore...

Centre owes Karnataka Rs.3.2 thousand crores in GST compensation, Rs.1.5 thousand crore for MGNREGA

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The Union Government released compensation dues for August-November to Karnataka earlier this week although partially. Out of Rs.7040 Crore, it has received just Rs.3600 crore.  However, this delay has raised speculation about the next two scheduled instalments — one by the December-end and another by March-end next year. Moreover, Centre has been delaying payment of Rs. 803 Crore due to Karnataka under MGNREGA Scheme for atleast 3 years. “Two more instalments of GST compensation are due, but we don’t know when and whether we will get it,” said an official of the Finance department. “Some states raised the issue, but there has been no decision yet. We don’t know whether it will get carried over to the next fiscal,” said a senior bureaucrat in the Finance Department.

https://www.newindianexpress.com/states/karnataka/2019/dec/23/centre-owes-karnataka-rs-32-thousand-crore-in-gst-compensation-rs-15-thousand-crore-for-mgnrega-2079806.html

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