Goods and Services Tax – GST Dated:- 15-6-2019 – News – New Delhi, Jun 15 (PTI) – Karnataka Chief Minister H D Kumaraswamy Saturday asked the Centre to extend GST compensation beyond five years, saying that the state will face severe financial crunch after the recompense period ends in 2022. He was speaking at the first meeting of the Governing Council of Niti Aayog chaired by Prime Minister Narendra Modi here. While implementing the Goods and Services Tax (GST), the Centre had assured the states to compensate them for loss of their revenue for five years till 2022. While the revenue gap is being bridged by the assured compensation till 2022, the s
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nd 2022, he added. Stating that Karnataka is the most arid state in the country after Rajasthan, the Chief Minister said the state faces serious drinking water challenges. Ground water table is depleting and ground water sources are getting contaminated. He urged the prime minister to significantly increase the allocation to rural drinking water sector. Karnataka is investing ₹ 2,800 crore during 2019-20 for rural drinking water, of which the centre's share is only ₹ 400 crore, he added. The chief minister also urged the Centre to approve ₹ 2,064 crore relief from the National Disaster Relief Fund (NDRF) for damage to crops in the 2
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