Releasing of GST Compensation to States

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..... Releasing of GST Compensation to States
GST
Dated:- 24-3-2017

Pending introduction of GST in the Country, Union Cabinet in its meeting held on 17.03.2015, decided for payment of 100% CST .....

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..... compensation to the States/UTs for year 2010-11, 75% CST compensation for year 2011-12 and 50% CST Compensation for year 2012-13 to be worked out as per guideline dated 22.08.2008. Accordingly, full .....

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..... CST compensation for year 2010-11 and 2011-12 has been released to the States during FY 2014-15 & 2015-16. ₹ 11709.4 cr. CST compensation is admissible to States/UTs for year 2012-13. Out of whi .....

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..... ch 1st installment of CST compensation amount ₹ 5854.73 cr. has been released to the States/UTs in July, 2016. Balance amount of ₹ 5854.69 cr. CST compensation for year 2012-13 is proposed .....

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..... to be released during current FY. This is the final payment of CST compensation to the States/UTs. This was stated by Shri Santosh Kumar Gangwar, Minister of State in the Ministry of Finance in writ .....

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..... ten reply to a question in Lok Sabha today.
News - Press release - PIB .....

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