Ending this provision will result in large lack of income for mining and manufacturing states with comparatively decrease client demand, he has argued.
“The supply for 14% protected income will stop from June 30, 2022. It have to be continued for a minimum of one other 5 years, as a result of mining and manufacturing states specifically, who should not customers, endure an amazing income loss,” Singhdeo factors out in his letter.
Singhdeo, who’s recovering from Covid, could not attend the GST Council meet and has despatched his options within the letter to the Union finance minister.
Singhdeo has listed 10 objects – starting with iron and metal, coal, paddy and tendu leaves – to say Chhattisgarh has misplaced Rs 2,786 crore within the GST regime. His letter provides information of income loss suffered by the state up to now 4 years – Rs 2,786 crore in 2018-19, Rs 3,176 crore the following fiscal, Rs 3,620 crore in 2020-21 and Rs 4,127 crore in 2021-22.