shot-button
Ganesh Chaturthi Ganesh Chaturthi
Home > News > India News > Article > Delay in GST fund FM asks states to follow rules

Delay in GST fund: FM asks states to follow rules

Updated on: 14 February,2023 09:10 AM IST  |  New Delhi
Agencies |

The compensation is not released only when govt doesn’t get accountant general’s certificate, she says

Delay in GST fund: FM asks states to follow rules

Finance Minister Nirmala Sitharaman speaks in the Lok Sabha, on Monday. Pic/PTI

Finance Minister Nirmala Sitharaman on Monday said GST compensation to some states is delayed due to non-availability of AG’s authenticated certificate, and that Kerala has not sent even a single such certificate since 2017-18.


Replying to a supplementary question, she also said that Rs 86,912 crore has been released for the Goods and Services Tax (GST) compensation payable to all states up to May 31, 2022.



She said that as per law, GST Council takes decision on the release of GST compensation, not the central government.


The finance minister said if there is any delay in getting the accountant general’s (AG) authentication, it is a matter between the AG and the state government concerned and they have to sort it out.

“If there is a problem between them, there is a delay in the delivery of the authentication certificate to the Centre,” she said. She underlined that to get GST compensation, state governments have to do a lot more. “The state governments have to...be efficient to sort things out with the AG,” she said.

Also read: Govt to get SEBI’s Adani probe report tomorrow

She urged Kerala MP N K Premachandran (who asked the supplementary question) to request the state government to send the AG certificates in one go. Within a reasonable time, after receiving them, she promised to clear the same. “You have not sent (the AG certificate) even for one year and you keep blaming us that we are not giving you money on time.”

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever

"Exciting news! Mid-day is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest news!" Click here!

Register for FREE
to continue reading !

This is not a paywall.
However, your registration helps us understand your preferences better and enables us to provide insightful and credible journalism for all our readers.

Mid-Day Web Stories

Mid-Day Web Stories

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK