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Tamil Nadu may go with Option-1 for GST compensation, but seeks tweaks

State reiterates that Centre is bound to compensate the shortfall in GST collections and should find necessary funds for the purpose if there was a shortfall in cess collections

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Tamil Nadu had suggested that the Government mobilise resources and lend the funds required to the GST Compensation Fund

T E Narasimhan Chennai

4 min read Last Updated : Oct 05 2020 | 8:56 PM IST

The Tamil Nadu Government indicated that it might go with option-1 for the GST compensation, provided some aspects of it are reworked.

Addressing the 42nd GST council Meeting today, Tamil Nadu's Minister for Fisheries and Personnel and Administrative Reforms, D Jayakumar, said that the Government of India has a moral and legal obligation to pay compensation for the shortfall in GST collections and should find the necessary funds to compensate States, if there was a shortfall in the cess collections.

During the 41st GST Council meeting, Tamil Nadu had suggested that the Government mobilise resources and lend the funds required to the

Topics : Goods and Services Tax GST compensation GST Tamil Nadu Tamil Nadu government GST collections

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