Before GST, Centre to release final CST compensation to States / UTs in current FY

MoS Finance Santosh Kumar Gangwar states that pending introduction of GST in the country, full compensation for years 2010-11 (100%) and 2011-12 (75%) has been released to the States during FY 2014-15 & 2015-16; Out of Rs. 11709.4 Cr CST compensation admissible to States / UTs for the year 2012-13 (50%), Rs. 5854.73 Cr has been released in July 2016, while balance amount of Rs. 5854.69 Cr. is proposed to be released during current FY; This would be the final payment of CS...