Quick Summary
Taking stock of the current situation due to COVID-19 where State Governments need to undertake expenditure while their resources are adversely hit, the Central Government has released the GST Compensation of Rs.36,400 crore to the States/UTs with Legislature for the period from December, 2019 to February, 2020 today.
The GST Compensation of Rs.1,15,096 crore for period April-November, 2019 had already been released by the Central Government to the States/ UTs with Legislature.
FAQ :
The Centre has released Rs.36,400 crore as GST compensation to the states and UTs.
This release covers the period from December 2019 to February 2020.
The compensation has been released to support state governments who need to undertake expenditure while their resources are adversely hit due to the COVID-19 situation.
Yes, the Central Government had already released Rs.1,15,096 crore for the period April-November 2019.
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