Centre released Rs 1 lakh crore GST compensation to states since October.


The Centre has released Rs 1 lakh crore to states and UTs in four months since October 2020, to meet GST compensation shortfall, the Finance Ministry said on Saturday.

The Ministry on Friday released the 17th weekly instalment of Rs 5,000 crore to 23 states and 3 Union Territories (Delhi, Jammu & Kashmir & Puducherry), taking the total amount released so far under the special borrowing window set up in October last year to Rs 1 lakh crore.

The remaining 5 states, Arunachal Pradesh, Manipur, Mizoram, Nagaland and Sikkim, do not have a gap in revenue on account of Goods and Services Tax (GST) implementation.

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