Govt. announces release of entire GST Compensation for FY 19-20, releases state-wise details

Government announces release of entire compensation of Rs. 1,65,302 crore for the year 2019-20 to the States which includes Rs. 95,444 crore as the amount of Cess collected during the year 2019-20; Explains that recently GST Compensation of Rs. 13,806 crore has been released to States for March’ 2020; Clarifies that to release the compensation for 2019-20, balance of cess amount collected during 2017-18 and 2018-19 was also utilized and Centre had transferred Rs. 33,412 cro...