Centre releases Rs 48,202 crore GST compensation in Apr-Nov, higher than FY18

The central government has released Rs 48,202 crore as  GST compensation to states during April-November 2018, higher than the Rs 48,178 crore paid in the previous financial year. Minister of State for Finance  Shiv Pratap Shukla said Section 7 of the GST (Compensation to States) Act, 2017, states that compensation payable to a state for loss of revenue shall be provisionally calculated…