GST Council's 38th Meeting On Wednesday. Here's All You Need To Know

The government on Monday released compensation worth Rs 35,298 crore to states and Union Territories. This payment was owed to the states by the Centre since August 2019. At the time of GST rollout, the states were promised compensation of 14 per cent, to make up for the loss in revenue on account of the taxes subsumed into the new indirect tax regime. The corpus for paying compensation was collected by levying a cess on top of ...