Advertisement

Karnataka gets Rs 1536 crore as GST compensation

09:00 PM Apr 08, 2020 | Team Udayavani |

Bengaluru: The Centre has released Rs 1,536.82 crore to Karanataka as compensation for their revenue loss in the goods and services tax (GST) regime.

Advertisement

The Centre has so far paid pending dues till November and the pending dues for December and January will be cleared in phases soon, sources said. The disbursal has come at a time when states are facing liquidity crunch due to the nationwide lockdown imposed to contain the spread of coronavirus.

Under GST law, states were guaranteed to be paid for any loss of revenue in the first five years of the GST implementation, which came into force from July 1, 2017.

Advertisement

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Next