ADVERTISEMENT
Centre Releases Rs 8,698 Crore To States To Compensate For GST Revenue Loss
Centre has paid compensation to states for the two month of GST rollout The amount is 58 per cent of the total cess revenue collected Compensation has not been paid to Rajasthan and Arunachal Pradesh
28 Oct 2017, 08:33 PM IST 
Bengaluru: The centre has released Rs 8,698 crore to states to compensate them for revenue loss following GST implementation.
All states barring Rajasthan and Arunachal Pradesh, have been given compensation for the first two months (July-August) after Goods and Services Tax rollout.
"Rs 8,698 crore has been paid to states as compensation for July and August.
This is 58 per cent of the total cess revenue of Rs 15,060 crore in th...
