GST compensation required by 9 large states could double to Rs 70,000 crore in FY'20: ICRA

NEW DELHI:  GST compensation payment of nine select states, including Gujarat, Maharashtra and Kerala, is expected to double to Rs 60,000-70,000 crore in 2019-20, according to a report. The timing of release of such grants by the Government of India (GoI) to these states would critically affect their cash flows,  ICRA said in a report. The states are Karnataka, Kerala, Gujarat, Maharasht…