Bhubaneswar, June 13 (LocalWire): The Odisha government has now sought a compensation of Rs 3500 crore from the Union government in the latest Goods and Services Tax (GST) Council meet.
State Finance Minister Niranjan Pujari put forth the demand citing the losses the state incurred and the pending dues of the GST compensation to the state.
As per the State Finance Department, the GST compensation for April and May of the current fiscal was pegged at Rs 2443 crore while it had a pending compensation due of Rs 989 crore from the previous fiscal.
Pujari is said to have urged the Centre to early release the pending dues to avert any impact on the ongoing development works in the state.
According to GST revenue figures, the state suffered a loss of tax collection in the month of April and May due to Coronavirus crisis.
However, compared to April, the revenue saw a spike in May when the lockdown curbs were relaxed.