Centre releases Rs 1.65 trillion as GST compensation to states for FY20

Cess collection was at Rs 95,444 crore, surplus fund of previous years and unallocated IGST fund used

The Centre on Monday revealed that it released around Rs 14,000 crore to states as compensation for their losses due to the goods and services tax (GST) for March 2020. This takes the total compensation released for financial year 2019-20 (FY20) to Rs 1.65 trillion, against a cess collection of Rs 95,444 crore for this purpose. 

The Centre had released Rs 1.51 trillion for April-February period of FY20. The payment for March was delayed because of inadequate collections from the compensation cess. The biggest slice of the compensation went to Maharashtra at Rs 19,233 crore for FY20, showed data released by