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CM Siddaramaiah attacks Centre in Budget speech, causes uproar in the House
CM Siddaramaiah attacked the Centre in his budget speech by saying, “While introducing Goods and Services Tax, Union Government had assured that there would be growth of 14% and states would be compensated in case of shortage in revenue growth. At a projected growth rate of 14%, it was estimated that the GST tax collection would be Rs. 4,92,296 crore from 2017 to 2023-24. However, only ₹3,26,764 crore GST revenue was collected and against the GST shortfall of Rs. 1,65,532 crore, the Central Government had released ₹1,06,258 crore as compensation to the state. Hence, a loss of ₹59,274 crore was incurred by the state due to unscientific implementation of GST in the last 7 years.” (ANI)
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