Centre to release GST compensation to states in 2 instalments

Union Minister Anurag Thakur said in Lok Sabha on Monday that Centre will release all due GST compensation to states in two instalments. “All due GST compensation will be given to states in two instalments,” Thakur, union minister of state for finance, said. Thakur said the GST Compensation has been released till September, 2019 and the next bi-monthly GST Compensation is due for October-November, 2019. Period for which compensation has been released: July, 2017March 2018 – Rs 48,785.35 crore; April 2018 March 2019 – Rs 81,141.14 crore; April-May 2019 – Rs 17,789 crore; June July 2019 – Rs 27,956 crore; Aug Sept 2019 – Rs 35,298 crore.

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