Punjab govt gets Rs 3,670 cr of GST compensation after it lodged new claim

Punjab Finance Minister Harpal Singh Cheema on Tuesday informed the House that the state government has received Rs 3,670 crore of Goods and Services Tax (GST) compensation from the Centre after it lodged a new claim of Rs 5,005 crore with it.
After tabling the Punjab Fiscal Responsibility and Budget Management (Amendment) Bill, 2023 in the House on the first day of the two-day winter session of the assembly, Cheema said the state government lodged the new claim of GST compensation worth Rs 5,005 crore with the Centre.
“Out of which Rs 3,670 crore has come to the state exchequer,” Cheema informed the House.
The FM also said the previous Congress government did not present the proper record before the Centre, after which the Government of India told the state government that an excess amount of Rs 3,900 crore of the GST compensation had been disbursed to Punjab.
“I am sharing for the first time that they (the Centre) sought return of excess disbursement. Then we checked our records.