Tamil Nadu Governor Banwarilal Purohit addresses during the State Assembly session in Chennai on Monday. (PTI)
Tamil Nadu Governor Banwarilal Purohit on Monday said in his address to Legislature that the State was eagerly awaiting the recommendations of the 15th Finance Commission and hoped for a fair and equitable distribution of resources, rewarding efficiency and performance. Purohit said the state this year has so far received Rs 7,096 crore as goods and services tax (GST) compensation, as well as Central Government grants of Rs 17,957.31 crore.
According to him, here are some outstanding issues relating to release of dues to the state by the Central Government. He said in the first year of GST implementation in 2017-18, the Central government, instead of distributing 50 per cent of the unallocated Integrated GST (IGST) in proportion to State GST (SGST) collection in various States, the Centre incorrectly appropriated the entire unallocated portion of IGST to the tune of Rs 88,344.22 crore to the Consolidated Fund of India and distributed 42 per cent of this to the States as per the 14th Finance Commission's devolution formula. The principal Opposition party the DMK on Monday boycotted Governor Banwarilal Purohit’s customary address to the State Assembly in the New Year.