Centre releases another Rs 34,000 cr GST compensation to states, more soon

The finance ministry released about Rs 34,000 crore to states again as compensation for their revenue loss in the goods and services tax (GST) regime. The fund was released in a bid to provide further relief to states amid the ongoing coronavirus outbreak, PTI reported. 

States, so far, have been paid pending dues till November and the remaining will be cleared in phases soon, PTI reported quoting sources. The finance ministry cleared about Rs 34,000 crore pending GST compensation for October and November in two tranches.

The first tranche of Rs 19,950 crore was released on February 17, while the