Finance Ministry releases 6th installment of Rs 6,000 crore to States to meet GST compensation shortfall

Finance Ministry releases 6th installment of Rs 6,000 crore to States to meet GST compensation shortfall

The Finance Ministry has released the sixth installment of Rs six thousand crore to the States to meet the GST compensation shortfall. Out of this, an amount of Rs 5,516 crore has been released to 23 States and an amount of Rs 483.40 crore has been released to the three Union Territories Delhi, Puducherry and Jammu and Kashmir who are members of the GST Council. The remaining five States, Arunachal Pradesh, Manipur, Mizoram, Nagaland and Sikkim do not have a gap in revenue on account of GST implementation.

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