Economy

Centre releases GST compensation of 30 thousand crore rupees to states as part compensation

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Centre has released GST compensation of 30 thousand crore rupees to states as part compensation admissible for 2020-2021.

The total amount of compensation released so far for the year 2020-21 is 70 thousand crore rupees. As per the decision of GST Council, back to back loan of one lakh 10 thousand 208 crore rupees has also been released in lieu of shortfall in release of GST Compensation for  2020-21. In addition to above, Centre has also released 28 thousand crore by way of adhoc settlement of IGST.

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