Punjab FM Cheema criticises Centre’s GST rate rationalisation, terms it ‘irresponsible’
Criticising the Goods and Services Tax (GST) rate rationalisation and terming it “irresponsible”, Punjab Finance Minister Harpal Singh Cheema has asked the Central government to immediately release compensation of Rs.50,000 crore to Punjab to cover losses after GST implementation.
After participating in the two-day meeting of the GST ministerial group on health and insurance, rationalising rates, and compensation cess, Mr. Cheema said that since the implementation of GST in 2017, Punjab has suffered a total financial loss of Rs.1,11,045 crore.
