ENA Economy 2021-03-31 11:44:55 <p><strong>New Delhi, Mar 31 (KNN)</strong> The Centre has released Rs 30,000 crore to the states as Goods and Services Tax (GST) compensation on March 27.</p> <p> The Central Government has released GST Compensation of Rs 30,000 crore to states as part compensation admissible for FY 2020-21 on March 27, 2021. The total amount of compensation released so far for the year 2020-21 is Rs 70,000 crore, the ministry said in a statement on Tuesday.</p> <p>This is over and above the Rs 1.10 lakh crore released to states under the special borrowing mechanism to compensate them for shortfall in the GST collection this financial year.</p> <p>In addition, the Centre has also settled Integrated GST of Rs 28,000 crore, of which Rs 14,000 crore has been shared equally between states and the Centre.</p> <p> Taking into account the release of GST Compensation, back-to-back loan and adhoc IGST settlement, balance of only Rs 63,000 crore approx GST Compensation is pending to States/UTs for FY 2020-21, the ministry added.</p> <p><iframe frameborder="0" height="500" id="mgiframe" src="//mg.mgid.com/mghtml/framehtml/c/k/n/knnindia.co.in.338951.html" width="100%"></iframe></p> 26630 https://knnindia.co.in/news/newsdetails/economy/centre-releases-30000-crore-to-states-as-gst-compensation 2021-03-31 11:44:55 knnindia.co.in