Centre releases Rs 8,698 crore as GST compensation to states

The Centre has released Rs 8,698 crore to states to compensate them for revenue loss following GST implementation. All states barring Rajasthan and Arunachal Pradesh, have been given compensation for the first two months (July-August) after Goods and Services Tax rollout. "Rs 8,698 crore has been paid to states as compensation for July and August. This is 58 per cent of the total cess revenue of R…