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  • Thursday, September, 2020| Today's Market | Current Time: 02:02:51
  • Centre releases GST Compensation of over Rs. 1.65 lakh crores to States, UTs for 2019-20

    Published on July 27, 2020

    The Central Government has released GST Compensation of Rs. 13,806 crore to States for March, 2020.

    Taking this amount into account, entire GST compensation for the previous financial year has been released to the states.

    The total amount of compensation released for the year 2019-20 is Rs. 1,65,302 crore.

    The amount of cess collected during the same time was Rs. 95,444 crore.

    Government utilized the balance of cess amount collected during 2017-18 and 2018-19 in order to release the compensation for 2019-20.