Udayavni Special

Karnataka gets Rs 1536 crore as GST compensation


Team Udayavani, Apr 8, 2020, 9:00 PM IST

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.

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.

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