The Centre has released Rs 36,400 Crore as Good and Services Tax Compensation to the States & Union Territories for the period from December 2019 to 2020, in view of the prevalent conditions due to the outbreak of COVID19 pandemic.
“Taking stock of the current situation due to COVID-19 where State Governments need to undertake expenditure while their resources are adversely hit, the Central Government has released the GST Compensation of Rs.36,400 crore to the States/UTs with Legislature for the period from December, 2019 to February, 2020,” said the Finance Ministry in a statement on Thursday.
The GST Compensation of Rs.1,15,096 crore for period April- November, 2019 had already been released by the Central Government to the States/ UTs with Legislature.