Punjab Facing Revenue Gap of 37 % After New Tax Regime, Says FM Manpreet Singh Badal
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Punjab Facing Revenue Gap of 37 % After New Tax Regime, Says FM Manpreet Singh Badal

By News18   11-Jan-2019

Punjab Facing Revenue Gap of 37 % After New Tax Regime, Says FM Manpreet Singh Badal

Expressing concern over revenue shortfall, Punjab Finance Minister Manpreet Singh Badal on Thursday said the GST collections in the state are not picking up and the state is facing a revenue gap of 37 per cent following the roll out of the new indirect tax regime.

Besides Punjab, several other states like Himachal Pradesh, Chattisgarh, Uttarakhand, Jammu and Kashmir, Odisha, Goa, Bihar, Gujarat and Delhi are facing revenue shortfall post the implementation of Goods and Services Tax (GST). Among the union territories, Puducherry is facing a maximum shortfall of 43 per cent.

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