Entire GST compensation owed to states will be honoured: Union government

NEW DELHI  : The entire sum of compensation owed to states on account of shortfall in collections of Goods and Services Tax (GST) will be “honoured", the union government said on Monday. Part of it,  ₹97,000 crore, would be paid out immediately and the balance over a deferred period to be mutually decided by the GST Council, the apex body guiding the implementation of the indirect t…