Govt to soon release another Rs 35,000 crore GST compensation to states

Due to revenue loss, the central government will soon release another Rs 35,000 crore pending Goods and Services Tax (GST) compensation in two installment. The first tranche will be compensation for October-November,” an official told news agency PTI. he short-fall is calculated assuming a 14 per cent annual growth in GST collections by states over the base year of 2015-16. According to credit rating agency ICRA, there could be a shortfall of around Rs 15,000-25,000 crore in GST Compensation Fund to states in FY20. Period for which compensation has been released: July, 2017 March 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; August-September 2019 – Rs 35,298 crore.

https://www.businesstoday.in/current/economy-politics/govt-to-release-another-rs-35000-crore-pending-gst-compensation-states-soon/story/395793.html