Tamil Nadu Chief Minister Edappadi K Palaniswami on Saturday, 23 May, said the state would be losing about Rs 35,000 crore tax revenue due to the COVID-19 induced lockdown.
Speaking to reporters in Salem, where he was presiding over a two-day meeting, Chief Minister Palaniswami said the finance department has estimated a tax revenue loss of about Rs 35,000 crore and that during the months of April and May and for the last seven days of March, the state's share of GST (Good and Service Tax) has come down. The chief minister had chaired a meeting with the district administration officials in Salem.
He also said that although the central government has allocated some funds, which the state was receiving in instalments, that was not what the state government had asked for. He also added that the central government has assured that the state's share of GST will be given.