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Karnataka CM Kumaraswamy seeks extension of GST compensation till 2025

Apprising Jaitley of the situation in Karnataka, the Chief Minister said the state's revenue from indirect taxes like VAT grew 10-12 per cent annually

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Chief Minister H.D. Kumaraswamy

Chief Minister H.D. Kumaraswamy

Karnataka wants the Central government to extend compensation of the Goods and Services Tax (GST) to the state till 2025 from 2022 as stipulated, said Chief Minister H.D. Kumaraswamy on Thursday.

"Kumaraswamy asked Union Finance Minister Arun Jaitley in New Delhi to extend the GST compensation to the state till 2025 from 2022, as revenue deficit against protected revenue may continue," said the Chief Minister's Office (CMO) in a statement in Bengaluru after their meeting in New Delhi.

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