Centre releases Rs 1.59 lakh crore to states to compensate for GST shortfall
The Centre released the balance of Rs 44,000 crore to states as a loan to compensate for the GST shortfall on Thursday, October 28.
Source: india.com
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Government of India releases balance amount of ₹ 44,000 crore to States and UTs (with Legislature) under the back-to-back loan facility in-lieu of GST compensation
Ministry of Finance Government of India releases balance amount of ₹ 44,000 crore to States and UTs under the back-to-back loan facility in-lieu of GST...
Source: marketscreener.com
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.
Source: deccanherald.com
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.
Source: swarajyamag.com
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.
Source: indiatoday.in