Post-GST Congress cries economic 'chaos'
8 Sept 2017 9:54 PM IST
New Delhi: The Congress on Friday alleged that "chaos" has gripped the country after a hasty implementation of the Goods and Services Tax (GST), which led to a dip in states' revenues.
Congress media in-charge Randeep Surjewala, along with Punjab Finance Minister Manpreet Badal and Karnataka Minister Krishna Byre Gowda, said the party would raise concerns of the textile sector and the revenue shortfall of states at the meeting of the GST Council on Friday.
"The Congress party stands committed to taking up these issues in the GST Council through the Finance Ministers of Congress-ruled states," they said in a joint statement.
Badal said, "There is a lot of pressure on states. There is pandemonium, there is chaos."
He said there is "chaos" in the domestic manufacturing sectors such as textiles.
"Punjab was expecting Rs 1,650 crore in July this year by way of taxes, but have got only Rs 846 crore. There is a revenue shortfall of around Rs 800 crore and the state has to borrow money on interest to pay up salaries.
"The Centre, on the other hand, is sitting on a huge pile of money and is earning interest on it," he said.
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