GST compensation worth Rs 52,077 cr paid to states/UTs in eleven months, says government

The Union government on Friay said a GST compensation totalling Rs 52,077 crore has been paid to states and UTs during the 11-month period through May 2018. Under the Goods and Services Tax (GST), implemented on 1 July, 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…