The Centre has released ₹44,000 crore of GST-related dues to States and Union Territories, whittling down unpaid GST compensation to States for FY21 to ₹63,000 crore, the Finance Ministry said on Tuesday.
On March 27, ₹30,000 crore as GST compensation was released to States, while ₹14,000 crore was remitted as ad-hoc settlement of IGST on Tuesday.
Total GST compensation released so far for FY21 is ₹70,000 crore. As per the GST Council’s decision, the Centre arranged a special borrowing window to raise ₹1.1 lakh crore to meet the compensation shortfall.
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