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Business News

Jul 28, 2020
8:40AM

GST Compensation of Rs 13,806 cr to States for March, 2020 released

PTI
The Central Government has released GST Compensation of 13,806 crore rupees to States for March, 2020. Taking this amount into account, entire GST compensation for the previous financial year has been released to the states. The total amount of compensation released for the year 2019-20 is one lakh 65,302 crore rupees.
 
The amount of cess collected during the same time was 95,444 crore rupees. Government utilized the balance of cess amount collected during 2017-18 and 2018-19 in order to release the compensation for 2019-20.

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