GST compensation arrangement enough for FY22: Icra

The GST compensation cess collections, back-to-back market loans and some funds parked in the GST Compensation Fund will be enough to meet the Rs 2.63 lakh crore needed in FY22 to compensate states for shortfall, but it will not be enough to pay Rs 61,000-crore arrears for April-January of FY21, rating agency Icra said. “For FY22, we estimate the combined protected revenues of all the states at Rs…