Thursday, 15 July 2021

Centre Releases Rs 75,000 Crore to States as GST Compensation

The GST Council in its meeting on May 28 had decided that the central government would borrow Rs 1.59 lakh crore and release it to the states and UTs with the legislature on a backtoback basis to meet the resource gap due to the short release of compensation on account of inadequate amount in the compensation fund.

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