States given Rs.81,043 Cr as GST compensation for April- Sept: Thakur

Minister of State for Finance Anurag Singh Thakur said on Tuesday that central government has released Rs.81,043 Cr to states. He said in Rajya Sabha that GST compensation cess of ₹7,607 crore was collected in October, ₹7,727 crore in November, ₹8,331 crore in December and ₹8,637 crore in January. For 2019-20, the amount targeted to be collected from cess in GST was ₹1.09 lakh crore. Of this, ₹70,534 crore has been collected between April-December 2019. Mr. Thakur further said that compensation cess is being levied on certain luxury and demerit goods as per provisions in Section 8 of the GST (Compensation to States) Act, 2017 and is credited into a non-lapsable Fund known as Goods and Services Tax Compensation Fund which forms part of the Public Account of India.

https://www.thehindu.com/business/Economy/states-given-81043-cr-as-gst-compensation-for-april-sept-thakur/article30794796.ece