Centre clears over half of pending GST dues to states

The ministry had earlier estimated that if monthly GST collections average at Rs 1.15 lakh crore, the deficit in the designated cess kitty to compensate states for the current financial year would be about Rs 1.25 lakh crore against the provision of Rs 1.59 lakh crore back-to-back loan mechanism to cover the deficit. The average monthly GST collection in the first eight months of the current finan…