Centre Released ₹ 1,65,302 Crore as GST Compensation to States/UTs for the FY 2019-20 against cess collection of ₹ 95,444 crore

Goods and Services Tax – GST Dated:- 27-7-2020 – News – Central Government has recently released GST Compensation of ₹ 13,806 crore to States for March 2020. Taking this amount into account, entire compensation upto 2019-20 has been released to States. The total amount of compensation released for the year 2019-20 is ₹ 1,65,302 crore whereas the amount of cess collected during the year 2019-20 was ₹ 95,444 crore. To release the compensation for 2019-20, balance of cess amount collected during 2017-18 and 2018-19 was also utilised. In addition, Centre had transferred ₹ 33,412 crore from Consolidated Fund of India to the Compensation Fund as a part of an exercise to apportion balance of IGST pertainin

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7 Goa 1093 8 Gujarat 14801 9 Haryana 6617 10 Himachal Pradesh 2477 11 J K 3281 12 Jharkhand 2219 13 Karnataka 18628 14 Kerala 8111 15 Madhya Pradesh 6538 16 Maharashtra

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