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GST compensation to be cleared: Sitharaman
Updated On: 19 February, 2023 08:29 AM IST | New Delhi | Agencies
She said that the GST Council adopted the report of the Group of Ministers on GST Appellate Tribunal with certain modifications.
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Union Finance Minister Nirmala Sitharaman at a press conference after the 49th GST Council meeting, in New Delhi on Saturday. PIC/PTI
Union Finance Minister Nirmala Sitharaman on Saturday said the entire pending dues for the GST compensation cess to the states will be cleared as of today. “Till May 31, we have already cleared GST compensation,” the Finance Minister added.
Sitharaman said the entire pending balance of the GST compensation cess—a total of Rs 16,982 crore—will be cleared and “although this amount is not available with the compensation fund as of today, we have decided to release from our own resources and the same amount will be recouped from the future compensation cess collection”.
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