GST Council Special Session to Be Convened to Discuss Compensation-related Issues: FM

Union Finance Minister Nirmala Sitharaman on Thursday mentioned a particular session of the GST Council might be held quickly to focus on all compensation-related points. She additionally mentioned that the circulate of COVID-19 vaccination throughout the nation might be effectively managed and all states might be taken care of.

“…I’ve promised to maintain a particular session, during which we are going to focus on about, all GST compensation associated points,” Sitharaman said. Speaking to reporters, in response to a question on GST compensation to Karnataka, she said, every state’s compensation will be worked out.

Asked about the kind of expenditure budgeted for the compensation, Sitharaman said, “I can’t tell you off the cuff.These are amounts which are determined based on the formula which was arrived at last year and that is the basis on which the distribution will start.” Sitharaman at present visited Boeing India and the SELCO Foundation-funded 100-oxygenated mattress COVID-Care Centre at Karnataka Power Corporation Ltd.(KPCL), Yelahanka campus right here. Asked about scarcity of COVID vaccines within the state, the Union Finance Minister mentioned each state will get the allocation as per the depth of the assault, density of the inhabitants and the variety of weak populations.