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Published 1 year ago

Centre releases Rs 17k cr GST compensation to states; total Rs 1.15 lakh cr released this fiscal

Summary by Ground News
GST was introduced in the country with effect from July 1, 2017. States were assured of compensation for the loss of any revenue arising on account of the implementation of GST for a period of five years. For providing compensation to States, a cess is levied on certain goods and the amount collected is credited to the compensation fund.

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