Centre to release another Rs 35,000 crore compensation to states for GST revenue loss

The Centre will soon release another Rs 35,000 crore to states to compensate for the revenue loss on account of GST rollout, an official said. Under the Goods and Services Tax (GST) law, states are guaranteed compensation for revenue loss for 5 years if their revenue does not increase 14 per cent on the base year of 2015-16. There were no differences between the Centre and states with regard to co…