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HomeGST NEWSIsaac seeks Central aid, GST arrears to tide over crisis

Isaac seeks Central aid, GST arrears to tide over crisis

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The state of Kerala has sought for financial help from the Centre. Kerala has asked for allocation for the health sector, liberalisation of State Disaster Relief Fund (SDRF) norms to support COVID-19-affected families and moreover, release of GST arrears to meet state’s crises. Dr. Isaac in a letter to Finance Minister has said additional financial and material assistance should be provided to the States for managing the brewing crisis and demands. He further said that due to adverse effect of the pandemic, the Centre should either immediately wipe out the GST compensation arrears amounting to ₹3,000 crore or raise the borrowing limits for the current financial year by 0.5%.

 

https://www.thehindu.com/news/national/kerala/isaac-seeks-central-aid-gst-arrears-to-tide-over-crisis/article31094156.ece

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