Representative image 
Tamil Nadu

Tamil Nadu wants GST compensation regime to be extended till 2024

Tamil Nadu government wants the Goods and Services Tax (GST) compensation regime to be extended by two more years, Governor R.N.Ravi said.

migrator

Chennai

Addressing the Tamil Nadu Assembly on Wednesday, Ravi said the GST compensation regime is coming to an end on June 6.

 "After the introduction of GST, the state was not able to realise the high growth of tax collections that it had witnessed during the VAT (value added tax) regime. The Covid pandemic has further exacerbated this problem," he said.

 He said the state's revenues are yet to recover and it would adversely impact the state finances, if the compensation is not extended for at least two more years.

 "Therefore, this Government strongly urges the GST Council and the Union Finance Ministry to continue the GST compensation at least till 30.06.2024," Ravin said.

Visit news.dtnext.in to explore our interactive epaper!

Download the DT Next app for more exciting features!

Click here for iOS

Click here for Android

Also Read

Technical snag disrupts Metro train services on Chennai Central-Koyambedu-Airport stretch

Five new Doppler radars for TN to boost early warning system

SIR conundrum: Name on rolls, but identified as unmapped

High-level committee comprising senior officials from various departments to monitor the survey

Varadarajapuram residents flag grouping in 3 streets in draft roll