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Centre releases eighth instalment of GST dues to states, Andhra gets 1181.61 crore
Centre releases eighth instalment of GST dues to states, Andhra gets 1181.61 crore
The central government headed by prime minister Narendra Modi has given a good news to the all the states including two Telugu states Andhra Pradesh and Telangana.
The central government headed by prime minister Narendra Modi has given a good news to the all the states including two Telugu states Andhra Pradesh and Telangana. The Centre has released the eighth installment of GST loans due to Andhra Pradesh and Telangana. Under the GST compensation, all the states together get Rs. 6,000 crores. With this, the total amount released by the Centre so far has reached Rs 48,000 crore.
Of these, Rs. 1181.61 crore were released to Andhra Pradesh while Telangana has received Rs. 688.59 crores. It is a known fact that the states have agreed to take loans from the Centre instead of compensating for the revenue deficit created due to the implementation of GST.
The centre is setting up a separate window and granting loans to the states. So far seven instalments were released on October 23, November 2, November 9, November 23, December 1, December 7, December 14 respectively. And now eighth instalment has been released.
