Govt releases â¹8700 crore to compensate states for GST loss
The Centre has released â¹8,698 crore for states to compensate them for revenue loss following the implementation of the Goods and Services Tax regime. The states have been given compensation for the first two months of July and August after the GST rollout. This is 58% of the total cess revenue of â¹15,060 crore in the two months. 