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What is GST Compensation Dues and Challenges about?

The Central government announced it had released ₹1,65,302 crore in GST compensation dues to states for 2019-20, though the compensation cess fund collected was only ₹95,444 crore, leaving a shortfall. This raises issues for the current year as economists expect negative GDP growth. The GST compensation mechanism guaranteed states a 14% annual growth rate in GST revenues for five years, but this target now seems unrealistic due to the pandemic

Author

navendu bhalse

Language

EN