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Covid-19 impact: States likely to get IGST dues worth Rs 24,000 crore

The proposal will be presented to the GST Council for approval at the meeting on Monday, expected to be a stormy one over the issue of compensation

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Punjab Finance Minister Manpreet Singh Badal says Punjab has flagged in September last year that the Centre wrongly credited ~1.76 trillion in the Consolidated Fund of India

Dilasha Seth New Delhi

3 min read Last Updated : Oct 02 2020 | 6:05 AM IST

In what may come as a breather for states struggling with the revenue shortfall amid the Covid-19 pandemic, the Centre will disburse Rs 24,000 crore of unsettled integrated goods and services tax (IGST) dues from 2017-18.

This decision was taken by the group of ministers (GoM) led by Bihar Deputy Chief Minister Sushil Kumar Modi, at a meeting on Thursday.

The proposal will be presented to the GST Council for approval at the meeting on Monday, expected to be a stormy one over the issue of compensation.

“Punjab had flagged in September last year that the Centre

Topics : Coronavirus IGST GST

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