New Delhi, Nov 27 : The Opposition on Wednesday demanded that the arrears of the Goods and Services Tax (GST) be released at the earliest in the wake of several states facing financial hardships.
Raising this issue during the Zero Hour in the Upper House, Mr Pratap Singh Bajwa of Congress said his state Punjab is facing deep financial crisis as October's GST as well as the compensation are yet to be released.
''Earlier, the states were getting their GST share and compensation on a monthly basis which has been now made bimonthly by the Finance Ministry and as of now the Punjab’s share amounts to Rs 4100 crore'', Mr Bajwa said.
He also said that the Finance Ministry is not giving any reason for the delay and the states are under tremendous financial pressure.
Joining the issue, the All India Trinamool Congress member Manas Bhuiyan said the West Bengal Government is also facing financial hardship due to nonpayment of GST arrears.
Taking a dig at the Government, Mr Bhinyan said that earlier, there were expectations that the total collection would be around one lakh crore every month but in fact it has reached up to Rs 95,000 crore in October.
''The GST and IGST have not been implemented properly and hence the states are suffering by the financial pressure'', Mr Bhuiyan said.
The Finance Minister should come to the House, make a statement besides paying GST arrears as well, he added. (UNI)