Centre releases Rs. 17,000 crore as GST Compensation to States/UTs

Admin- Taxation Insight
November 7, 2021

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Centre Government issued a notification on 3rd November, 2021 stating that Central Government released GST Compensation of Rs. 17,000 crores to states today. The total amount of compensation released to the States/UTs so far including the aforesaid amount during the year 2021-22 is Rs. 60,000 crore. As per the decision of GST Council, back to back loan of Rs.1.59 lakh crore has already been released in lieu of shortfall in release of GST Compensation during the current financial year.

For state-wise GST compensation amount to different states/UT’s, please follow below link:

https://pib.gov.in/PressReleseDetail.aspx?PRID=1769214