Govt clears entire GST compensation dues till 31 May, releases Rs 86,912 cr to states

The central government on Tuesday said that it has cleared the entire amount of GST compensation payable to states up to May 31, 2022 by releasing an amount of Rs 86,912 crore. This decision was taken to assist the states in managing their resources and ensuring that their programmes especially the expenditure on capital is carried out successfully during the financial year, the Ministry of Financ…