Unless, ofcourse our central and state governments work together, with the private sector, and determinedly ramp domestic supply, delivery of vaccines faster.
The Rs 97,000 crore twist in #GST Compensation Cess Case
The constitutional amendment states that compensation shall be provided to the States
"...for loss of revenue on account of implementation of the goods and services tax..."
The centre has interpreted this narrowly...
The centre estimates Rs 3 lakh crore payable to the states as compensation this fiscal.
Due to low tax revenue collection it expects to face a compensation cess shortfall of Rs 2.35 lakh crore.
But it attributes most of this to Covid and claims the loss due "implementation of GST" (see constitutional amendment in first tweet) is only Rs 97,000 crore.
It computed this based on previous shortfall data.