NEW DELHI: The Centre has so far borrowed Rs 42,000 crore since October and released the funds to states to meet GST compensation shortfall, the Finance Ministry said on Monday.
The latest instalment of Rs 6,000 crore was released to the states on Monday, out of which Rs 5,516.60 crore has been released to 23 states and Rs 483.40 crore has been released to 3 Union Territories (UT) with legislative assemblies (Delhi, Jammu and Kashmir, and Puducherry).
The remaining 5 states — Arunachal Pradesh, Manipur, Mizoram, Nagaland and Sikkim — do not have a gap in revenue on account of Goods and Services Tax (GST) implementation, the Finance Ministry said in a statement. (AGENCIES)
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