<h1>India Clears Pending GST Compensation to States with Rs. 86,912 Crore Payment, Using Centre's Resources to Cover Shortfall.</h1> The Government of India has released Rs. 86,912 crores to clear all pending GST compensation to states up to May 31, 2022. This move aims to support states in managing resources and capital expenditures, despite only Rs. 25,000 crore being available in the GST Compensation Fund. The Centre used its resources to cover the shortfall, pending cess collection. States were assured compensation for revenue loss due to GST implementation from July 1, 2017, for five years. The Centre previously borrowed Rs. 1.1 lakh crore in 2020-21 and Rs. 1.59 lakh crore in 2021-22 to address compensation shortfalls.