Centre releases ₹40,000 crore to states as GST compensation under back-to-back loan facility

The central government on Thursday released an amount of  ₹40,000 crore to states and union territories (UTs) with legislature under the back-to-back loan facility to meet the shortfall in  GST compensation , said the ministry of finance in a statement. This is in addition to normal GST compensation being released every two months out of actual cess collection. It is funded fro…