Wednesday, July 28, 2021

Lok Sabha approves first batch of supplementary demands totalling Rs 23,675 cr

A substantial chunk of the total gross spending is towards transfer to states for shortfall in Goods and Services Tax (GST) compensation cess. A total of Rs 1.59 lakh crore would be transferred to states as back-to-back loan in lieu of the GST compensation shortfall. However, this will not entail any cash outgo.

from Economy-News-Economic Times https://ift.tt/3BZMOT8

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