Parmesh S Jain
Chief Minister Basavaraj Bommai has requested the Union government to extend the GST compensation for a period upto 2024-25.
Bommai presented the request when he called on Union Finance minister Nirmala Sitaraman in New Delhi on Monday.
The period of GST compensation, being paid by the Union government, is set to end in March 2022.But the states are facing resource crunch due to Covid 19 impact.
In this background the Union government should extend the GST compensation time limit upto 2024-25 to help the states, Bommai requested.
The Union government had provided GST compensation for the last two years through loans.
The same gesture should continue for three more years and the loans could be repaid through collection of GST Cess, the Chief Minister conveyed to the Finance Minister.
