Sunday, 29 January 2023

T.N. among top five States receiving GST compensation, says RBI study.


Tamil Nadu was among the top five GST compensation receiving States during the five-year transition period from July 2017 to June 2022, according to a study by the Reserve Bank of India (RBI).

T.N. received a compensation of about Rs. 40,000 crore. At least 10 States may fall short of the expected 14% GST growth, says the study. Puducherry, Punjab, Delhi, Himachal Pradesh, Goa and Uttarakhand likely to be most affected by the end of the compensation regime.

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