Maharashtra Governor Bhagat Singh Koshyari said out of Rs 46,950 crore due to the state government as goods and services tax compensation, the Centre has paid just Rs 6,140 crore and Rs 11,520 crore as loan by the end of February.
Addressing the joint sitting of members of the state legislature on the first day of the budget session, Koshyari said compensation to the tune of Rs 29,290 crore is overdue from the central government.
By the end of February 2021, out of the Rs 46,950 crore due to my government as Goods and Services Tax compensation, the central government has paid just Rs 6,140 crore and Rs 11,520 crore as loan for GST compensation.Bhagat Singh Koshyari, Governor, Maharashtra
Koshyari noted that the coronavirus-induced lockdown slowed down the state's economy in addition to medical emergency and natural calamities.
Out of the revenue collection target of Rs 3,47,456 crore, the state has collected just Rs 1,88,542 crore at the end of January 2021, which is 35% less than the budgetary estimate and 21% lower than the collection in the same period during the previous year, he said.
Despite significant reduction in revenue, the state has provided priority funding to the departments of public health, medical education and drugs, relief and rehabilitation, food and civil supplies and home during the pandemic, the governor said in his speech.
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