Criticising the Goods and Services Tax (GST) rate rationalisation and terming it “irresponsible”, Punjab Finance Minister Harpal Singh Cheema has asked the Central government to immediately release compensation of ₹50,000 crore to Punjab to cover losses after GST implementation.
After participating in the two-day meeting of the GST ministerial group on health and insurance, rationalising rates, and compensation cess, Mr. Cheema said that since the implementation of GST in 2017, Punjab has suffered a total financial loss of ₹1,11,045 crore.
