Latest News | U'khand Seeks Compensation for GST Revenue Shortfall

Dehradun, Aug 27 (PTI) The Uttarakhand government on Thursday asked the Centre to make good the shortfall in the state's GST revenues.

Representing the state at the GST Council meeting via video conferencing, Agriculture Minister Subodh Uniyal said transition to the new tax regime has led to a revenue deficit.

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This has been further compounded by the adverse impact of the coronavirus pandemic on the state's tourism industry, he added.

Citing fiscal constraints, Uniyal urged the Council to consider the option of the Centre borrowing from the market and paying compensation to the state, an official release said.

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)