The issue of GST compensation: All’s well that ends well

An important milestone went by recently largely unnoticed—the release of the 20th and final instalment of the estimated GST compensation shortfall of Rs. 1.10 lakh crore. The Department of Expenditure released Rs 4,104 crore on March 15, 2021. With this, the entire GST compensation shortfall of Rs 1.10 lakh crore for the year 2020-21 has been released to the states. An amount of Rs 8,879 crore was…