NIFTY 50

State FMs upset over GST compensation delay, hold talks with Finance Minister Nirmala Sitharaman

Updated : December 04, 2019 01:20 PM IST

State finance ministers met Union Finance Minister Nirmala Sithraman ahead of the GST meeting. Finance Minister of Delhi Manish Sisodia and Finance Minister of Punjab Manpreet Singh Badal, who attended the meeting, expressed their opinion on the GST compensation delay.

Badal said the GST compensation for August and September will be given to states soon, though no timeline is given by the central government. Sisodia also noted that for the last 2 months the compensation money remains stuck. "It is not that there is no money. A lump sum amount of Rs 50,000 crore is set aside to compensate which is not being released,” he added.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV

recommended for you