Assam has witnessed positive GST growth of 13.49% in September: Himanta Biswa Sarma

GUWAHATI: Assam finance minister Himanta Biswa Sarma said ever since the lockdown the state registered a positive GST growth of 13.49 percent in September.

Sarma said, “First time since Lockdown, Assam registered positive GST revenue growth of 13.49% in Sept 2020 (Rs 757.94 cr) via-a – vis Sept 2019 ( Rs 667.83cr).

we will continue with this momentum to reach our revenue target. @nsitharaman @PMOIndia.”

Sarma earlier said states are allowed to take loan 3 percent of GDP, last year Assam took around Rs 11,500 crore. “We can take a loan upto Rs 12,000 Core this year under state development loan. GST loan we may take, around Rs 750 Crore. The Centre has assured that it will pay back the same with interest.”

Recently the Centre has provided borrowing options to make up for the shortfall in the goods and services tax (GST) compensation cess fund.

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