Summary:
The GST grant was calculated taking base of revenue during LBT.Since then, Gadkari and NMC-office bearers, especially Kukreja started to pursue with the CM to calculate GST grant as per revenue during octroi and increase its by 17% per annum. It was again increased to Rs52.57 crore in April this year.The NMC’s financial situation deteriorated as a result of low GST grant. “NMC used to get Rs52.57 crore per month (Rs630.84 crore/annum) as GST grant. The NMC’s revenue from LBT was very low as compared to that generated during the octroi regime. The grant was increased to Rs60.28 crore per month in August 2017 but was reduced to Rs51.36 crore in September 2017..