Centre to keep vigil to ensure GST benefits passed fully to consumers, says Piyush Goyal

He also drew a sharp contrast with the Congress-led United Progressive Alliance (UPA) era, claiming that state governments back then lacked trust in the central government over compensation assurances tied to the rollout of a unified indirect tax.

“When Prime Minister Narendra Modi announced the GST in 2017, he committed to all states a 14% growth in the annual revenue. PM Modi had the confidence of all states and that’s how the one indirect tax was announced,” Goyal said while addressing mediapersons in New Delhi.

He asserted that the PM Modi-led government had honoured this promise, paying compensation to states with a 14% growth rate even during the Covid-19 pandemic when demands were severely hit.