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Rs 36,400 crore GST compensation released by government to the states

Shortpedia

Content Team

The central government on Thursday released ₹36,400 crore to states as their pending Goods and Services Tax (GST) compensation. The payment is for the period of December 2019 to February 2020. The fund was released in the context of the coronavirus pandemic where states need to make additional spending when their resources are adversely hit. Up to November, the administration had released ₹1,15,096 crore.