Join us on TelegramClick Here

Centre releases ₹17,000-crore GST compensation to States

Centre releases ₹17,000-crore GST compensation to States: The Centre released ₹17,000 crore to states towards the balance of Goods and Services Tax (GST) compensation. This takes the total amount released so far in the fiscal year to over ₹1.15 lakh crore.

November 2022 Current Affairs Quiz

“With this, the Centre has released in advance the entire amount of cess estimated to be collected this year till March-end available for payment of compensation to states,” the ministry said in a statement. This is despite the fact that total GST cess collection till October 2022 was only ₹72,147 crore. And, the balance of ₹43,515 crore is being released by the Centre from its own resources.

Leave a Comment

Gkseries.com is a premier website to provide complete solution for online preparation of different competitive exams like UPSC, SBI PO, SBI clerical, PCS, IPS, IAS, IBPS PO, IBPS Clerical exam etc. & other graduate and post-graduate exams. Learn more on about us page