96% of GST compensation shortfall to states released so far, shows data

The Centre on Monday transferred Rs 2,104 crore in the 19th installment of goods and services tax (GST) compensation shortfall to states and Union Territories (UTs), which is about 96 per cent of the estimates. The total amount released so far stands at Rs 1.06 trillion of the Rs 1.1-trillion shortfall estimated under the special borrowing window, put in place in October 2020. While the states hav…