GST council meet Current Affairs, GK & News

GST Compensation: Rs 6,000 crores tranfered to 16 states

On October 23, 2020, the Government of India transferred Rs 6000 crores to 16 states and two union territories as the first tranche. The interest rate has been fixed at 5.19 %. Key highlights Over 21 states had opted for the borrowing scheme. And five other states did not have revenue shortfall to claim compensation. ..

Month: Current Affairs - October, 2020

Category: Economy & Banking Current Affairs

Topics: GST • GST collection • GST Council • GST council meet • GST revenue collection • GST shortfall • Nirmala Sitharaman