Manish Sisodia additionally charged the Centre with failing to fulfil its promise (File)
New Delhi:
Delhi Deputy Chief Minister Manish Sisodia on Thursday stated that below the present system, the town authorities can’t take a mortgage from the RBI to satisfy its income shortfall.
Rising out of a GST Council assembly, he stated the Centre has refused to pay GST compensation to the states and requested them to take a mortgage from the RBI to satisfy their income shortfall because of the coronavirus pandemic.
“Nevertheless, below the present hybrid system (of governance), the Delhi authorities can’t take a mortgage from the RBI. The Centre ought to take a mortgage from the RBI and provides it to the Delhi authorities,” he stated.
Mr Sisodia additionally charged the Centre with failing to fulfil its promise to the states on the launch of the Items and Companies Tax (GST) regime 4 years in the past.
“The Centre had promised that it’ll pay GST compensation to states on the fee of 14 % for 5 years in case of income shortfall. However, at this time on the GST Council assembly, the Centre refused it, saying there was no provision for compensation in conditions like a pandemic,” Mr Sisodia stated in a briefing.
The Delhi authorities is predicted to have a income shortfall of round Rs 21,000 crore within the present monetary yr, Mr Sisodia stated.
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