Global Economy

Govt releases Rs 36,400 crore as GST compensation to states

NEW DELHI: In a bid to provide further relief to states amid the coronavirus outbreak, the Central government has released Rs 36,400 crore to states as GST compensation.

The amount for the period from December 2019 to February 2020 has been released, a government statement said.

For 2019-20 fiscal (up to November 2019), the Centre has released Rs 1,15,096 crore GST compensation, higher than Rs 69,275 crore released in full 2018-19 and Rs 41,146 crore in 2017-18. GST was rolled out on July 1, 2017.

Last month, the government had deferred the release of the April GST revenue collection data due to the ongoing lockdown.


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