Karnataka gets Rs 1536 crore as GST compensation


Team Udayavani, Apr 8, 2020, 9:00 PM IST

Bengaluru: The Centre has released Rs 1,536.82 crore to Karanataka as compensation for their revenue loss in the goods and services tax (GST) regime.

The Centre has so far paid pending dues till November and the pending dues for December and January will be cleared in phases soon, sources said. The disbursal has come at a time when states are facing liquidity crunch due to the nationwide lockdown imposed to contain the spread of coronavirus.

Under GST law, states were guaranteed to be paid for any loss of revenue in the first five years of the GST implementation, which came into force from July 1, 2017.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Jayant Patil claims BJP used irrigation ‘scam’ to blackmail Ajit Pawar; Fadnavis, NCP chief hit back

Medical College expels 5 MBBS students from hostel for ragging juniors

Insulting women is in DNA of Cong leaders, alleges Jharkhand BJP

Man arrested from Delhi for calling up Pappu Yadav posing as aide of Lawrence Bishnoi

Tejasvi Surya hits out at Kharge, CMs of Cong-ruled states over poll promises

Farooq Abdullah seeks inquiry into spike in terror attacks in Valley since Omar’s swearing-in

Sabarimala pilgrims to get free insurance coverage of Rs five lakh

Related Articles More

Tejasvi Surya hits out at Kharge, CMs of Cong-ruled states over poll promises

Kumaraswamy sheds tears during elections but vanishes when people are in tears: Shivakumar

CM Siddaramaiah promises efforts to include Kannada label on products made in Karnataka

“Chinnara Banna-2024” held successfully in Bantwal

Kharge getting personal on PM’s political observations on Karnataka surprising: BJP MP

MUST WATCH

Gho Pooja in Deepavali Festival

Melukote Deepavali

Ganapathi Co-operative Society Ltd

Udayavani Chinnara Banna 2024

Annapoorna Aahar | Food Places In Mysore


Latest Additions

Jayant Patil claims BJP used irrigation ‘scam’ to blackmail Ajit Pawar; Fadnavis, NCP chief hit back

Medical College expels 5 MBBS students from hostel for ragging juniors

Insulting women is in DNA of Cong leaders, alleges Jharkhand BJP

Man arrested from Delhi for calling up Pappu Yadav posing as aide of Lawrence Bishnoi

Tejasvi Surya hits out at Kharge, CMs of Cong-ruled states over poll promises

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.