Goemkarponn Desk
PANAJI: With GST revenue collection of Rs 285 crore in August 2021 Goa’s GST collection saw as increase of 34 % as compared to last year. In August 2020 it was Rs 213 crore.
The nationawide gross GST revenue collected in the month of August 2021 is Rs 1,12,020 crore.
The upcoming GST Council meeting on September 17 will focus on the extension of compensation cess as the Council may also look into duty inversion in specific sectors. States are demanding the extension of compensation cess for another five years.
The provision of compensation cess for revenue losses to states on the account of GST rollout was for a period of five years from 2017. The state governments have been demanding the Centre to address the pending issue pertaining to compensation cess as well as the pending compensation payment for last year.