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The Times of India
The Times of India
Business
PTI

GST compensation for 8 months released to states, Rs 78,704 crore pending: Finance ministry

GST New Delhi

NEW DELHI: The finance ministry on Wednesday said the Centre has already released eight months of GST compensation dues to the states for the fiscal ended March 2022 and Rs 78,704 crore is pending due to inadequate balance in the cess fund.

In a statement, the ministry said normally, GST compensation for 10 months (April-January) of any financial year is released during that year and the compensation of February-March is released only in the next financial year.

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