• About Us
  • Add Post
  • Contact
  • Contribute For Us
  • Homepage
  • Our Authors
  • Privacy Policy
What's Hot

Football rumours: Sanctions might cease Manchester City’s Jude Bellingham pursuit

February 8, 2023

Earthquake in Türkiye has no impact on cash transfers from Azerbaijan

February 8, 2023

Azerbaijan sends one other rescue crew to Türkiye upon directions of President Ilham Aliyev (PHOTO)

February 8, 2023
What's Hot

Football rumours: Sanctions might cease Manchester City’s Jude Bellingham pursuit

February 8, 2023

Earthquake in Türkiye has no impact on cash transfers from Azerbaijan

February 8, 2023

Azerbaijan sends one other rescue crew to Türkiye upon directions of President Ilham Aliyev (PHOTO)

February 8, 2023
Facebook Twitter Instagram
  • About Us
  • Contact
  • Add Post
  • Contribute For Us
  • Privacy Policy
  • Our Authors
Facebook Twitter LinkedIn
BusinessLendBusinessLend
  • NEWS
  • BUSINESS
  • AUTO
  • TECH
  • MONEY
  • STARTUP
  • SUCCESS STORIES
  • OTHER
    • Press Release
    • OPINION
Subscribe
BusinessLendBusinessLend
Home»NEWS»GST compensation: Center released Rs 30,000 crore to states, 70 thousand crore released so far
NEWS

GST compensation: Center released Rs 30,000 crore to states, 70 thousand crore released so far

Bhagyashree SoniBy Bhagyashree SoniMarch 31, 2021Updated:March 31, 2021No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
GST compensation: Center released Rs 30,000 crore to states, 70 thousand crore released so far
Share
Facebook Twitter LinkedIn Pinterest Email

The Finance Ministry said that the Center released Rs 30,000 crore to the states as GST compensation on 27 March. Around 63,000 crore rupees are pending for the current financial year. So far Rs 70,000 crore has been released in the Goods and Services Tax (IGST) compensation item for the financial year ended 31 March. This is in addition to the Rs 1.10 lakh crore released to the states under the special borrowing system to compensate for the reduction in GST collections in the current financial year.

The ministry said in a statement, on March 27, the central government released Rs 30,000 crore on GST compensation to states for 2020-21. In this financial year, a total of Rs 70,000 crore has been released so far for compensation.

28,000 crore settlement in IGST

In addition, the Center has disposed of Rs 28,000 crore under the Integrated GST (IGST) item. Of this, 14,000 crore rupees have been shared equally between the states and the center.

Centre releases Rs. 30,000 crore as GST Compensation as well as Rs. 28,000 crore as IGST ad-hoc settlement to the States/UTs

Read more➡️https://t.co/u4NBiyOB3Z

(1/4) pic.twitter.com/eHSWQwFa9n

— Ministry of Finance (@FinMinIndia) March 30, 2021

According to the Ministry, after considering the GST compensation, borrowings and IGST settlement released so far, only 63,000 crore rupees is pending for the States and Union Territories in the GST compensation item for 2020-21.

read this also- Invest in this special scheme of PNB for better tomorrow, get more profits

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Bhagyashree Soni
  • Facebook

Bhagyashree Soni is a software engineer with soft writing skills. She is a degree holder from the International School of Entrepreneurial Leadership. She has been a state-level badminton champion and chess player. A woman with a forthright attitude enjoys her writing passion as her chosen career. Writing in the context of feminism, social-cause and entreprenurship is her forte.

Related Posts

Azerbaijan sends one other rescue crew to Türkiye upon directions of President Ilham Aliyev (PHOTO)

February 8, 2023

Azerbaijani residents evacuated from quake-hit Türkiye heading to Georgia

February 8, 2023
Add A Comment

Comments are closed.

Advertisement
Editors Picks

Enough is sufficient, give us Tyson Fury vs Oleksandr Usyk

January 9, 2023

How to seek out, delete, and handle Wi-Fi community passwords on macOS

August 19, 2022

Iran reveals COVID-19 information for October 30

October 30, 2022

Japan mourns Shinzo Abe as police examine deadly taking pictures

July 9, 2022
Advertisement
Latest Posts

Football rumours: Sanctions might cease Manchester City’s Jude Bellingham pursuit

February 8, 2023

Earthquake in Türkiye has no impact on cash transfers from Azerbaijan

February 8, 2023

Azerbaijan sends one other rescue crew to Türkiye upon directions of President Ilham Aliyev (PHOTO)

February 8, 2023

Business Lend is a platform which brings executives officers, entrepreneurs, and venture capitalist together from different sectors. We keep on connecting with our users with the help of our monthly edition carving our way slowly towards the highest readership.

Facebook Twitter Instagram LinkedIn
Must Read
  • Football rumours: Sanctions might cease Manchester City’s Jude Bellingham pursuit February 8, 2023
  • Earthquake in Türkiye has no impact on cash transfers from Azerbaijan February 8, 2023
  • Azerbaijan sends one other rescue crew to Türkiye upon directions of President Ilham Aliyev (PHOTO) February 8, 2023

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

© 2023 BusinessLend. Designed by ThemeSphere.
  • About Us
  • Contact
  • Add Post
  • Contribute For Us
  • Privacy Policy
  • Our Authors

Type above and press Enter to search. Press Esc to cancel.