State Finance Minister demands Rs 2,500 crore as remaining GST payment from Union Government

Ranchi: Jharkhand’s Finance Minister Rameshwar Oraon participated in the meeting of the GST Council chaired by Union Finance Minister Nirmala Sitharaman via virtual mode on Thursday.

During the meeting the demanded the Centre to release a payment of Rs 2,500 crore as remaining share of the state in GST apart from that he also urged for payment of Rs 45,000 crore in lieu of 50,000 acres of land given to the different PSUs in the state in a phase-wise manner.

Dr Oraon said that Jharkhand was a poor and small state. He said that the Centre owed Rs 2,500 crore as remaining share in GST and since the economic condition of the state was poor due to Coronavirus, therefore, the GST council should release the payment.

He said that the central government has already collected the 75 per cent share of GST collection due to which states have been left with nothing and demanded that Jharkhand should be every month provided its share of GST.

Dr Oraon said to increase revenue collection there were only two options which included the imposition of taxes which was inappropriate amid Coronavirus crisis and other was through loans. He suggested that the centre should borrow money from the RBI and give them to the state, however, the Centre should itself pay back the loans and the burden should not fall on the state government.

Further, he said that the state government has provided 50,000 acres of land to different PSUs of the central government in lieu off which a payment of Rs 45,000 crore was pending. He pointed that a few weeks earlier the Union Coal Minister had given a payment of Rs 250 crore to the government which was insufficient and the remaining payment should be given in phase-wise manner.

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