Centre Should Permit States To Utilise GST Instead Of Releasing Collected Taxes After Delay: TN FM PTR
The Minister was here to inaugurate the Science Centre set up by the G D Charities in the city.
Coimbatore: The Centre may consider allowing states to utilise the GST amount as the present scheme was causing a delay in them receiving their dues, Tamil Nadu Minister P T R Palanivel Thiaga Rajan said on Tuesday.
The Minister for Finance and Human Resource Management said the Union Ministry of Finance and Corporate Affairs released Rs 4,230 crore as the Goods and Services Tax arrears to the state.
Instead of releasing the taxes collected from the states after a long delay, it would be better for the Centre to allow the States to utilise the taxes without waiting for its release, he told reporters.
The present scheme is delaying the dues to states which can be reversed. The issue would be taken up during the next council meet, he added. On GST arrears, he said the Union finance ministry has released Rs 4,230 crore to Tamil Nadu and the state would receive another Rs 4,000 crore this month as compensation.
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Since the monthly receipts were getting delayed mainly because of the ineffective model, there should be a relook at the format, he said.
The minister was here to inaugurate the Science Centre set up by the G D Charities in the city.
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The science centre -- Experimenta -- has been set up on a 40,000 sq ft land with an aim to stimulate curiosity, enable children to learn science in a practical and informal way, G D Naidu Charities Chairman G D Gopal had said.
(This report has been published as part of the auto-generated syndicate wire feed. Apart from the headline, no editing has been done in the copy by ABP Live.)
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