Accusing the Centre of rechristening some of the “taxes” as “cess” to avoid sharing its revenues with States, Congress leader and former Minister Krishna Byre Gowda on Thursday alleged that Karnataka’s central share of GST and grants had reduced by a whopping ₹44,500 crore for 2022-23.
Participating in a debate in the Legislative Assembly on demand for budgetary grants, Mr. Gowda maintained that there was a shortfall of ₹20,000 crore with respect to GST compensation while the reduction in State’s central share of grants amounted to ₹24,500 crore for 2022-23.
Blaming the Centre for the drastic reduction in the State’s share, he alleged that tight financial situation had forced Karnataka to resort to borrowings to fund its budgetary schemes.
