GST Compensation Worth Rs 52,077 Crore Paid to States/UTs
Under the Goods and Services Tax (GST), implemented on July 1, 2017, the Centre has to compensate states/UTs for loss of their revenue on account of implementation of the new indirect tax regime.
"... states/UTs have been paid GST compensation of Rs 48,178 crore for the period July 2017 to March 2018 and of Rs 3,899 crore for the period of April-May 2018," Minister of State for Finance Shiv Pratap Shukla said in a written reply in the Lok Sabha.
In another reply, Shukla said the Centre is taking various steps to check evasion as well as educate the taxpayers about the new tax regime and encouraging voluntary compliance.
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