States issued Rs 283.98 bn as GST compensation till Dec: Arun Jaitley

New Delhi, Mar 13: The Centre has released Rs 283.98 billion as GST compensation to states for July-December, with Karnataka getting a major pie. In written reply to a Rajya Sabha question, Finance Minister Arun Jaitley said states are protected from any revenue loss on account of implementation of the new indirect tax regime under the Goods and Services Tax law.
“A total of Rs 283.98 billion has been released to the states as compensation for the period July-December 2017,” he said.