Amid the coronavirus outbreak, the finance ministry may release pending Rs 20,000 crore goods and services tax (GST) compensation to states, according to a report by the Business Standard.
“The revenue department has been authorised to clear Rs 20,000 crore in GST compensation dues to states,” a government official told the publication.
The move comes shortly after the finance ministry released Rs 17,287 crore to states on April 3. The amount was granted as devolution and disaster relief funds.
The Rs 20,000 crore will be released from the Consolidated Fund of India (CFI), and not the compensation cess, the publication reported.
Source: Money Control; Read Full Article
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