business

Over Rs.53,000 crore owed to states as FY22s GST compensation: Govt

Over Rs.53,000 crore owed to states as FY22s GST compensation: Govt

  • The central government still owes Rs
  • 53,489 crore to states and UTs in GST compensation for the period between April 2021 and January 2022, the Finance Ministry said on Monday
  • Of this, the maximum amount is owed to Maharashtra at Rs
  • 11,563 crore
  • The Centre borrowed Rs
  • 59 lakh crore in FY22 to make up for the shortfall in GST compensation cess collections
.

business 2022-04-13 Inshorts