26.6 C
Delhi
Monday, July 7, 2025

TN reiterates demand to extend GST compensation period by 2 more yrs

Date:

Share post:

Donate-GC-Razorpay

Chennai: The Tamil Nadu government on Monday reiterated its demand to the Centre to extend the GST compensation period for a further period of two years.

Delivering his customary New Year address to the State Assembly, Governor R.N.Ravi said several States. including Tamil Nadu, had joined the GST regime, foregoing their fiscal autonomy on the assurance that their revenues will be protected.

However, the anticipated revenues were not realized due to the drastic fall in revenues during the Covid pandemic, he said.

In such a scenario, the GST compensation regime has come to an end on June 30, 2022. Since the revenues of States are yet to fully recover from the impact of pandemic, this Government urges the Union Government to further extend the GST compensation period by at least two more years, he said

Related articles

Historic Nagar Kirtan Held in Baramulla After 30 Years to Commemorate Guru Hargobind Sahib Ji’s Birth Anniversary

For the first time in over three decades, the town of Baramulla resonated with the divine spirit of...

India and Israel – Allies in Innovation, Security, and Spirit: Reuven Azar

As the geopolitical landscape evolves and new alliances emerge, the relationship between India and Israel has stood out...

PM Modi reaches Trinidad & Tobago

Port of Spain/New Delhi: During the second leg of his five nation tour, Prime Minister Narendra Modi, reached...

PM Modi arrives in Port of Spain, welcomed by PM Kamala Persad Bissessar and entire cabinet

Port of Spain/New Delhi: Prime Minister Narendra Modi arrived in Port of Spain, on a two-day visit to...