Poket News

Ministry of Finance releases 11th weekly installment to states to meet GST revenue shortfall

 

  • The Ministry of Finance has released the 11th weekly installment of 6,000 crore rupees to the states to meet the GST compensation shortfall. Out of this, an amount of over 5,516 crore rupees has been released to 23 States and an amount of 483 crore rupees has been released to the 3 Union Territories with Legislative Assembly Delhi, J&K and Puducherry. 
  • The remaining 5 states, AP, Manipur, Mizoram, Nagaland and Sikkim do not have a gap in revenue on account of GST implementation.