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Government to release states' GST compensation soon

Updated : November 22, 2019 22:58:55 IST

Days after finance ministers of five state governments asked the central government to clear the GST compensation due for August and September, sources in the government said that states will be paid "very soon".

Earlier, in a joint statement, the finance ministers of Delhi, West Bengal, Punjab, Rajasthan and Kerala said they are facing two months' delay in payment of GST compensation by the central government.

The finance ministers of these five states also appealed to union finance minister Nirmala Sitharaman to look into the matter personally and release the compensation without any further delay.

When the Goods and Service Tax (GST) subsumed 17 different central and state levies from July 1, 2017, states were promised that they will be compensated for any loss of tax revenues for five years due to the introduction of the new levy.
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