Centre Releases GST Compensation Cess Of Rs 21,000 Crore To States

The central government has released Rs 21,000 crore as goods and services tax compensation to states this week, two people familiar with the matter told BloombergQuint on condition of anonymity. This is the first such transfer in the current year against compensation dues of previous years and the April-May FY22 period, to be paid out of compensation cess collections. The government has released t…