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Punjab Finance Minister Harpal Singh Cheema. | Photo Credit: PTI
After collaborating within the two-day assembly of the GST ministerial group on well being and insurance coverage, rationalising charges, and compensation cess, Mr. Cheema stated that for the reason that implementation of GST in 2017, Punjab has suffered a complete monetary lack of ₹1,11,045 crore.
Also learn: Required reforms: On reforms to the GST system
He stated that regardless of receiving roughly ₹60,000 crore as compensation from the Centre, ₹50,000 crore remains to be pending. The Central authorities had introduced a 5-year compensation package deal to states in lieu of economic losses incurred resulting from GST implementation, however this compensation has now been discontinued, he stated.
“While the Punjab authorities will not be against the rationalisation of GST charges, the Union authorities should take accountability for the ensuing monetary losses to the states. The BJP-led Central authorities is repeatedly undermining the monetary construction of states, which is a major assault on the federal construction of the nation. The Central authorities is even evading the discharge of funds to Punjab. Apart from GST, ₹8,000 crore of rural growth funds and over ₹1,000 crore below the Prime Minister’s Road Scheme are additionally being withheld,” he stated.
Hitting out on the BJP-led Union authorities for repeatedly making modifications to the GST system with out reaching a definitive resolution, Mr. Cheema stated this uncertainty results in fixed harassment of taxpayers and a scientific breakdown of the nation’s monetary framework.
The playing with the tax construction would trigger huge hurt to the nation, he stated, dismissing the Centre’s guarantees as mere rhetoric.
Published – August 22, 2025 04:03 am IST
