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Centre releases full Rs 1 59 lakh crore to states this fiscal as back-to-back loan to compensate for GST shortfall

The Centre on Thursday released the balance Rs 44,000 crore to states as loan to compensate for the GST shortfall, taking the total such amount to Rs 1.59 lakh crore this fiscal. This release of funds as back-to-back loans is in addition to the bi-monthly GST compensation being given out of cess collection.

Weighted average yieldIndia newsCentral government

Govt Releases Rs 40,000 Crore To States And UTs To Meet GST Compensation Shortfall

The government has so far released a total amount of Rs 1.15 lakh crore to states and UTs as GST compensation shortfall.

Ministry of finance onCouncil meetingCompensation fundFinance ministryWeighted average yieldCentral governmentGst councilGst compensation shortfall

Govt releases Rs 40,000 crore to states to meet GST compensation shortfall

The GST Council had earlier approved a mechanism that included special borrowing by the Centre for the states to tackle the compensation shortfall.

Uttar pradeshWeighted average yieldCentral governmentGst compensation cessGst compensation to states

Centre releases Rs 40,000 crore to states as back-to-back loan for GST shortfall

Rs 40,000 crore were released by the Centre on Thursday to states and UTs to compensate for the shortfall in GST revenues.

New delhiAlia bhattCentre onAlso readWeighted average yieldCenter governmentFinance ministryGst council

U T gets ₹517 crore as first tranche of GST compensation

U T gets ₹517 crore as first tranche of GST compensation
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Ashwani kumarUnion territoriesCouncil meetingUnion territoryFinance ministryChief secretary ashwani kumarWeighted average yieldஅஷ்வானி குமார்தொழிற்சங்கம் பிரதேசங்கள்சபை சந்தித்தல்தொழிற்சங்கம் பிரதேசம்நிதி அமைச்சகம்தலைமை செயலாளர் அஷ்வானி குமார்எடையுள்ள சராசரி மகசூல்

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