Amid the Covid-19 crisis, the Union government on Thursday (4 June) released Rs 36,400 crore as Goods and Service Tax (GST) compensation to the states and union territories for the period from December 2019 to February 2020.
For the period from April-November 2019, the Centre had already released a sum of Rs 1,15,906 crore to compensate for the loss incurred by states and UTs due to the implementation of the GST.
“Taking stock of the current situation due to COVID-19 where State Governments need to undertake expenditure while their resources are adversely hit, the Central Government has released the GST Compensation of Rs 36,400 crore to the States/UTs with Legislature for the period from December 2019 to February 2020,” the Ministry of Finance said in a statement on Thursday.
“The GST Compensation of Rs.1,15,096 crore for period April-November 2019 had already been released by the Central Government to the States/ UTs with Legislature,” the ministry added.
Amid the Covid-19 c, the Union government on Thursday (4 June) released Rs 36,400 crore as Goods and Service Tax (GST) compensation to the states and union territories for the period from December 2019 to February 2020.
Comments ↓
An Appeal...
Dear Reader,
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.
