GST: Kerala receives Rs 914.63 cr as compensation
Thiruvananthapuram: Kerala has received Rs 914.63 crore as compensation of GST on Monday night. A meeting of GST council summoned on Monday decided to hand over the compensation cess of this financial year to states on the same day itself.
It is reported that Rs 20,000 crore, the compensation cess in the period of April-May, was handed over to the states. Meanwhile, it is examined that the final amount of the compensation will vary to each state.
At the same time, the GST council also decided to clear the IGST dues to the states by next week. According to reports, Kerala is expecting to receive around Rs 700 cr as IGST due.