GST compensation row: States\' revenue fell 18% in first quarter\, shows data

GST compensation row: States' revenue fell 18% in first quarter, shows data

Details suggest the states' tax receipts (including the Centre's devolution) fell 32.1 per cent and non-tax revenues declined 27 per cent in this period

Topics
GST compensation | Shortfall in GST Revenues | State revenues

Indivjal Dhasmana  |  New Delhi 

It is, by all counts, their bleak financial position that has made states take up arms against the Centre’s proposal on compensation to them under the goods and services tax system. According to an analysis by Motilal Oswal Institutional Equities, the receipts of 14 states declined 18.2 per cent during the first quarter of 2020-21 on a yearly basis, while spending grew just 2.7 per cent.

Details suggest the states’ tax receipts (including the Centre’s devolution) fell 32.1 per cent and non-tax revenues declined 27 per cent in this period. Conversely, grants from ...
First Published: Sat, September 12 2020. 02:54 IST