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Under GST (Compensation to States) Act, if a states GST revenue does not grow by at least 14 per cent over the base year of 2015-16, the Centre has to pay it the difference every two months.

Kerala seeks better data access to get out of GST compensation

"These states are heavy borrowers and the government entities also come to markets for borrowing," said Aditi Nayar,...

20 Dec 2019 1:42 AM IST

Capex of states may have to cut by Rs 1- 3.4 lakh crore, finds ICRA. (AFP Photo)

States may cut FY21 capex by Rs 3 lakh crore, says ICRA

ICRA has projected that the gap between the GST compensation requirement and the cess collections for FY21 will be Rs...

10 Sept 2020 11:06 AM IST