Punjab Finance, Excise and Taxation Minister Harpal Singh Cheema on Wednesday said that the government has received Rs 3,670.64 crore as pending compensation under Goods and Services Tax (GST) from the Government of India for the July 2017 to March 2022 period. Cheema said that the era of compensation under GST had ended on June 30, 2022, however, Punjab had raised the issue of pending GST compensation with the Centre through its excise and taxation department. He stated that due to the state’s efforts, the Centre issued sanction orders for Rs 3,670.64 crore. Cheema expressed his gratitude to Union Finance Minister Nirmala Sitharaman and thanked the office of the Comptroller and Auditor General of India CAG and Principal Accountant General of Punjab for the release of the pending compensation amount. The finance minister also praised the roles of finance department officers, including Principal Secretary (Finance) A K Sinha, Secretary (Expenditure) Mohammad Tayyab and Special Secretary (Finance) Yashanjit Singh.

Source: Indian Express October 13, 2023 17:00 UTC