GST Compensation: Centre clears dues for all states except two; New mechanism under review

The Centre has released all provisionally admissible GST compensation dues to states and union territories for the five-year transition period between July 1, 2017, and June 30, 2022, the Finance Ministry said in a written reply to Parliament on Tuesday (July 22). According to the ministry, final compensation, based on audited revenue figures, is pending only for Arunachal Pradesh and Manipur, as…