Centre releases ₹44,000 crore to states towards GST compensation

New Delhi: The central government on Thursday released  ₹44,000 crore to states and union territories with legislature under the back-to-back loan facility in lieu of their Goods and Services Tax (GST) compensation. An official statement from the finance ministry said with Thursday’s fund transfer, the entire  ₹1.59 trillion promised for bridging their FY22 GST revenue shortfal…