The Congress-ruled states have decided to raise the issue of revenue shortfall after the implementation of GST.
On September 8th in Delhi, Punjab Finance Minister, Manpreet Badal and Karnataka Agriculture Minister, Krishna Byre Gowda in a Press Conference at All India Congress Committee office stated about the plan of the Congress party. In a joint statement, they states, “There is pandemonium, there is chaos. We will raise the issue very forcefully in tomorrow’s meeting of the GST Council. The Congress has serious reservations on a lot of issues.”
Badal further revealed that Punjab was expecting an approximate tax collection of Rs 1650 crores while it has received just 846 crores. “There is a revenue shortfall of around Rs. 1800 crore and the state has to borrow money on interest to pay up salaries. The Centre, on the other hand, is sitting on a huge pile of money and is earning interest on it” Gowda added that Karnataka fell short of Rs 600 crores as revenue after the first month of GST implementation.
Besides the faulty functioning to the GST portal is adding to the woes of as there is delay in filing of Returns, according to the duo. The Congress state governments’ representative in the GST Council will demand adequate relief.