The primary government will clear the whole due on the pending stability of the GST reimbursement, which include Rs sixteen,982 crore for the month of June, can be cleared as of Saturday, Union Finance Minister Nirmala Sitharaman announced.
Nirmala Sitharaman talked about that the quantity become now not without problems to be had inside the repayment fund but the Union government decided to launch it from its personal assets.
“Although this quantity isn’t certainly to be had inside the compensation fund as of today, we have decided to release this amount from our very own resources and the identical quantity will be recouped from the future repayment cess series,” Nirmala Sitharaman said.
The Union minister stated that with this release, the Centre might clean the complete provisionally admissible compensation cess dues for five years as envisaged in the GST (Compensation to States) Act, 2017.
The declaration came after the forty ninth meeting of the GST Council on Saturday, chaired by way of Union Finance Minister Nirmala Sitharaman.