Quick Summary
The Finance Ministry has confirmed that all provisionally admissible GST compensation dues for the five-year transition period from July 1, 2017, to June 30, 2022, have been fully released to states and union territories. In a written reply to Parliament on July 22, 2025, the Ministry clarified that
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Broadcasts
- Daily E-Newsletter
- Unlimited News Access
BEST VALUE
2 YEAR PLAN
3,499
(Inclusive of GST)
1 YEAR PLAN
1,999
(Inclusive of GST)
View all CCI PRO benfits
Already a PRO member? Login here for an ad-free experience.
FAQ :
Yes, the Finance Ministry has confirmed that all provisionally admissible GST compensation dues for the five-year transition period have been fully released to states and union territories.
Arunachal Pradesh and Manipur are the only states where final settlement of GST compensation dues is pending, as Accountant General certificates are still awaited.
A Group of Ministers (GoM) has been formed to explore viable alternatives to the GST compensation cess, which expired at the end of its mandated term.
No, the Finance Ministry has stated that there are no immediate plans for GST rate cuts. This issue is under consideration by the GST Council, awaiting the final report from the Group of Ministers on rate rationalisation.
GST rates are decided by the GST Council, a constitutional body comprising representatives from the Centre and all States/UTs, based on consensus.
CAclubindia
