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Centre releases GST compensation worth Rs 17,000 crore to states and UTs

The Central government, in a public statement, said, “The total amount of compensation released to the States/UTs so far, including the aforesaid amount, during the year 2022-23 is Rs 1,15,662 crore.” ....

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GST Council meet: About dozen states seek extension of compensation; no decision taken

FM Sitharaman stated, "On compensation cess, broadly states said that compensation can be continued at least for a few years, if not for 5 years."

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GST Council defers tax on online gaming, casinos, GoM to submit report on July 15

A final decision is likely to be taken at the next meeting of the council in August, said Sitharaman. ....

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GST compensation cess levy extended till March 2026: Govt

However, the compensation cess, levied on luxury and demerit goods, will continue to be collected till March 2026 to repay the borrowings that were done in 2020-21 and 2021-22 to compensate states for GST revenue loss. ....

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States to push for continuing GST compensation beyond June

To meet the shortfall in the GST compensation fund, the Centre has borrowed and released to states Rs 1.1 lakh crore in 2020-21 and Rs 1.59 lakh crore in 2021-22 as back-to-back loans to meet a part of the shortfall in cess collection. ....

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