GST relief given to Punjab state of Rs 1,237 Crore
The centre has already released GST relief to Punjab state. This is a huge amount that has been given by the centre as a relief fund to the Punjab state and this amount is in crores that are rupees 1237 crore. Punjab state total amount has been paid for July 2017 to March 2019. The total amount is 14, 094crore.
GST relief fund has been released by the centre of Rs 1237 crore to Punjab state as a compensation July 2017 to March 2019.
Punjab finance minister Manpreet Singh Badal has wrote a letter to finance minister of India that is Nirmala sitharaman and said that GST relief fund has been reached on time apart from that the country is facing COVID-19 problem. GST fund relief has been released on such a crucial time where complete country facing lockdown problem.
another thing is that Union finance minister has been kept her promise that has been state by the finance minister to Badal related to releasing GST funds. Also appreciating Tu to Indian finance minister by Badal and said that delay has been turned into blessings.
According to the GST law, if any state in India will not increase tell 14% of more than that in their economic sector on the basis of 2015-2016 year then GST Central government will give compensation with guarantee