New Delhi: The Centre will release all due GST compensation to states in two instalments, Union Minister Anurag Thakur said in Lok Sabha on Monday.
The reply came after MPs from Telangana and Odisha complained during Question Hour that their states were not getting the share of the Goods and Services Tax (GST) and Integrated Goods and Service Tax (IGST).
"All due GST compensation will be given to states in two instalments," Thakur, Union minister of state for finance, said.
The minister said GST (Compensation to States) Act, 2017 provides for compensation to States/UTs (UT with legislature only) on account of revenue loss due to implementation of GST on a bi-monthly basis.
Accordingly, he said, the states have been paid GST compensation on a bi-monthly basis with effect from July 2017.
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Thakur said the GST Compensation has been released till September 2019 and the next bi-monthly GST Compensation is due for October-November, 2019.
The minister said a total of Rs 2,10,969.49 crore has been released as GST compensation to states so far including UTs of Delhi and Puducherry after implementation of GST with effect from July 1, 2017.
Period for which compensation has been released: July, 2017March 2018 - Rs 48,785.35 crore; April 2018March 2019 -Rs 81,141.14 crore; AprilMay 2019 - Rs 17,789 crore; June-July 2019 - Rs 27,956 crore; AugSept 2019 - Rs 35,298 crore.
Over 30 crore PANs linked with Aadhaar so far: Thakur
As the date for linking PAN with Aadhaar has been extended by a year, the government has linked over 30 crore such numbers with the unique identification code, Minister of State for Finance Anurag Singh Thakur said in Parliament on Monday.
The total permanent account numbers (PANs) which are linked with Aadhaar number as on January 27, 2020, is 30,75,02,824, Thakur informed the Lok Sabha.
When asked if the government has extended the deadline period for Aadhaar-PAN linking, the minister responded in an affirmative "Yes sir".
He said the due date for linking of PAN with Aadhaar has been further extended from December 31, 2019, to March 31, 2020.
(PTI Report)
