Tamil Nadu Governor has asked the Centre to settle the dues happened due to 14th Finance Commission’s devolution formula. “Tamil Nadu has so far received Rs 7,096 crore as GST compensation. Central government grants of Rs 17,957.31 crore have also been received. However, there are a few outstanding issues in the release of dues to Tamil Nadu,” he said In his customary address to assembly. In the implementation year i.e. 2017-18, the government of India incorrectly appropriated the entire unallocated portion of IGST to the tune of Rs 88,344.22 crore to the Consolidated Fund of India and distributed 42 per cent of this to the states as per the 14th Finance Commission’s devolution formula instead of 50 percent.
